A company has 775 preferred shares of $50 par value outstanding, and the purchase price of its preferred shares is $61 per share. It also has 19,000 shares of common stock outstanding, and its total stockholders' equity is $685,675. The company's book value per common share is equal to ?

Answer rating: 100% (QA)

Solution To find the book value per common share we first need to calculate the total value of the p... View the full answer