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A company has total assets of $ 1 3 , 1 0 0 , 0 0 0 ; net earnings of $ 1 , 4

A company has total assets of $13,100,000; net earnings of $1,400,000; total stockholders' equity of $5,700,000; common stock of $1,800,000 and preferred stock of $500,000. During the year there were 900,000 shares of common stock and 10,000 shares of preferred stock outstanding. Calculate book value per share.

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