Coronet Corp. has total shareholders' equity of $7,400,000. The company's outstanding share capital includes 100,000 $10 par value ordinary shares and 20,000 6%, $100 par value preference shares. (No dividends are in arrears.) The book value per share of ordinary share is:
A) $39.
B) $49.
C) $54.
D) $74.
Correct Answer:
Verified
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A)
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