A company has 1,000 shares of $100 par preferred stock.It also has 25,000 shares of common stock outstanding,and its total stockholders' equity equals $500,000.The book value per common share is:
A) $ 15.38.
B) $ 16.00.
C) $ 19.96.
D) $ 20.00.
E) $100.00.
Correct Answer:
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