Question
A company has total assets of $5.5 million, total liabilities of $2.2 million, and $275,000 worth of 9% preferred stock outstanding. What is the firm's
A company has total assets of $5.5 million, total liabilities of $2.2 million, and $275,000 worth of 9% preferred stock outstanding.
What is the firm's total book value? Enter your answer in dollars and not in millions of dollars.
$
What would its book value per share be if the firm had 125,000 shares of common stock outstanding? Round the answer to the nearest cent.
$ per share
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
