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A company has total assets of $1.3 million, total debt of $0.91 million, and $100,000 worth of 5% preferred stock outstanding. If the firm has

A company has total assets of $1.3 million, total debt of $0.91 million, and $100,000 worth of 5% preferred stock outstanding. If the firm has 15,000 shares of common stock outstanding, what would be its book value per share?

a. $22.07

b. $17.71

c. $12.88

d. $19.33

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