Question
8. A company has 44,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $525,800, and the par value per common
8. A company has 44,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $525,800, and the par value per common share is $10. The book value per share is:
9. A company's board of directors votes to declare a cash dividend of $1.30 per share. The company has 26,000 shares authorized, 21,000 issued, and 20,500 shares outstanding. The total amount of the cash dividend is:
10. A company has 700 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $63 per share. It also has 28,000 shares of common stock outstanding, and the total value of its stockholders' equity is $976,500. The company's book value per common share equals:
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