Nelson Company had net income of 14 million in 20X8
Nelson Company had net income of $14 million in 20X8. The stockholders’ equity section of its 20X8 annual report follows ($ in millions):

1. Compute the book value per share of common stock at the end of 20X8.
2. Compute the rate of return on common equity for 20X8.
3. Compute the amount of cash dividends on common stock declared during20X8.
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