.a.)

b.)

An analyst gathers the following information about Meyer, Inc.: Meyer has 1,600 shares of 8% cumulative preferred stock outstanding, with a par value of $100 and liquidation value of $110. Meyer has 24,000 shares of common stock outstanding, with a par value of $20. Meyer had retained earnings at the beginning of the year of $5,300,000. Net income for the year was $76,000. This year, for the first time in its history, Meyer paid no dividends on preferred or common stock. a. Calculate the total book value of Meyer's common stock. Answer is complete but not entirely correct. Total book value 7x b. What is the book value per share of Meyer's common stock? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Book value per $ 7.46 X share If the nominal interest rate is 8% and the inflation rate is 2%, what is the real interest rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Real interest rate %