Question: Chapter 12 Financial Planning Exercise 6 Calculating book value A company has total assets of $8.0 million, total liabilities of $5.6 million, and $320,000 worth

Chapter 12 Financial Planning Exercise 6 Calculating book value A company

Chapter 12 Financial Planning Exercise 6 Calculating book value A company has total assets of $8.0 million, total liabilities of $5.6 million, and $320,000 worth of 10% preferred stock outstanding What is the firm's total book value? Enter youra What would its book value per share be if the firm had 125,000 shares of common stock outstanding? Round the answer to the nearest cent. per share

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