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 e) What is the market price of the common stock? h) What is the book value per share of common stock? (Assume no dividends in arrears) i) What is the book value per share of common stock assuming that dividends are one year in arrears?
- Stockholdersequity:
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
e) What is the market price of the common stock?
h) What is the book value per share of common stock? (Assume no dividends in arrears)
i) What is the book value per share of common stock assuming that dividends are one year in arrears?
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