The stockholders' equity of Franklin Company is as follows: Given a redemption value of $109 per share

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The stockholders' equity of Franklin Company is as follows:
The stockholders' equity of Franklin Company is as follows:
Given a

Given a redemption value of $109 per share for the preferred stock, calculate the book value per share of preferred and common stock, assuming the following:
a. No preferred dividends in arrears
b. Two years' preferred dividends in arrears

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