A company has 1,000 shares of $50 par value preferred stock outstanding and the call price of its preferred stock is $79 per share It also has 29,500 shares of common stock outstanding and the total value of its stockholders ' equity is $938,400 The company 's book value per common share equals a $...

A company has 1,000 shares of $50 par value preferred stock outstanding and the call price of

Question:

A company has 1,000 shares of $50 preferred stock outstanding and the call price of its preferred stock is $79 per share. It also has 29,500 shares of outstanding and the total value of its stockholders' equity is $938,400. The company's book value per common share equals:
a. $30.2
b. $29.1
c. $30.10
d. $31.81
e. $79.00
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...