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A company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding.

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A company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding. If a company could sell its assets for $55 million, the company's liquidation value per share of common stock is $15.. $10 .b $20.C $30 .d

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