Brazil Corporation has a simple capital structure, and its equity section follows:

Chile Corporation has a complex capital structure, and its equity section follows:

With the exception of the current year's preferred dividend which is now due, Chile has paid all dividends on the preferred stock. Determine the issue price of each company's common and preferred stock. Determine the book value per common share for each company.

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Stockholders' Equity Common stock, $0.50 par value, 800,000 shares authorized, 300,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $ 150,000 750,000 2,400,000 $3,300,000