Marks Corporation has total shareholders' equity of $7,400,000. The company has outstanding 300,000 $1 par value ordinary shares and 20,000 8% preference shares, $100 par value. (No dividends are in arrears.) The book value per share of ordinary shares is:
A) $9.00.
B) $24.06.
C) $24.66.
D) $18.00.
Correct Answer:
Verified
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