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?
6%
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
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?
Step by step
Solved in 2 steps with 2 images
