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