The BB Corporation has one issue of preferred stock and one issue of common stock outstanding. Given

Question:

The BB Corporation has one issue of preferred stock and one issue of common stock outstanding. Given the BB stockholder's equity that follows, calculate the original price per share that the firm sold its single issue of common stock.

Preferred stock ....................$ 300

Common stock (.50 par, 500,000 shares outstanding) ..... 250

Paid in capital in excess of par on common stock ........5,000

Retained earnings ...................1,800

Total stockholder's equity ................$7,350

Common Stock
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