9) Ostend Industries has total assets of $85 million, total debt of $58.6 million, and $4.8...

 

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9) Ostend Industries has total assets of $85 million, total debt of $58.6 million, and $4.8 million of 5% preferred stock outstanding. If the company has 500,000 shares of common stock outstanding, its book value per share would be A) $32.33. B) $33.60. C) $43.20. D) $52.80. 9) Ostend Industries has total assets of $85 million, total debt of $58.6 million, and $4.8 million of 5% preferred stock outstanding. If the company has 500,000 shares of common stock outstanding, its book value per share would be A) $32.33. B) $33.60. C) $43.20. D) $52.80.

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