A company has 500 shares of $60 par value preferred stock outstanding.It also has 20,000 shares of common stock outstanding,and the total value of its stockholders' equity is $680,000.The company's book value per common share equals:

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To find the book value per common share, first calculate the total value of preferred stock: 500 shares * $60 = $30,000. Subtract this from the total stockholders' equity: $680,000 - $30,000 = $650,000. Then divide by the number of common shares: $650,000 / 20,000 = $32.50.

A Company Has 500 Shares of $60 Par Value Preferred