M Timed Fonal exam ezto.mheducation.com/hm.tpx Hunter eMail SUNY Applicabio Micr

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M Timed Fonal exam ezto.mheducation.com/hm.tpx Hunter eMail SUNY Applicabio Microbiology tab P Anatomy Lab MAnatomy lecture NYU Books Restaurants 6 Dresses 6pm.com Other Bookmarks connect Final exam Instructions I help Question 15 (of 50) save & Esit : Submit Time remaining: 2:0130 A company has 490 shares of $50 par value preferred stock outstanding and the cal price of its preferred stock is $70 per share.It also has 20,000 shares of common stock outstanding and the total value of its stockholders' equity is $660,000. The company's book value per common share equels O $32.78 O $70.00 O $31.28 O $3178 O $3336

Explanation / Answer

Details Amt $ No of preference shares                           490 Call price of preferred stock                             70 a Book Value preferred stock =490*70=             34,300.00 b Total Value of stock holders Equity           660,000.00 c Book value of Common stock=b-a=           625,700.00 d No of Common stock Outstanding                   20,000 e Book Value per common stock =c/d= $               31.285 So Book value per common stock=$31.28 approx

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