M Times Final exa & ezto.mheducation.com/hm.tpx SUNY Appscatie ps .. Hunter eMai

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M Times Final exa & ezto.mheducation.com/hm.tpx SUNY Appscatie ps .. Hunter eMail Microbiology lab ylab P Anatomy Lab M Anatomy lecture N NYU BooksRestaurants 6 Dresses 6pm.com Connect ned Final exam instructions I help Question 471of 501 Time remaining: 0:14:01 A company has 490 shares of $50 par value preferred stock outstanding and the call price of its preferred stock is $90 per share.It also has 20,000 shares of common stock outstanding anc the total value of its stockholders' equity is $640,000. The company's book value per common share equals: O $29.80 O $90.00 O $31.30 O $3078 O $31.87

Explanation / Answer

Preferrence shares will always be valued at book value, hence value = 490*$50 = $ 24500

Total equity = 640000

common stick = 640000-24500 = 615500

per stock = 615500/20000 = 30.78

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