What is the market price of the common stock?    What is the book value per share of common stock assuming that dividends are one year in arrears?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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 Stockholders equity: 

 

6% preferred stock, $100 par value, .............................................$20,000,000 

      500,000 shares authorized. 

Common stock, $10 par value,.......................................................$16,000,000 

      3,000,000 shares authorized 

Additional  paid-in capital: 

       Preferred stock...............................................      $400,000 

       Common stock................................................$25,600,000     $ 26,000,000      

         

Retained earnings.............................................................................$4,500,000 

Total stockholders’ equity...............................................................$66,500,000 

 

 

What is the market price of the common stock?

 

 What is the book value per share of common stock assuming that dividends are one year in arrears?

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