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Book value of each class of stock? A corporation reports the following stockholders equity as of December 31, 2008 Preferred stock, $50 par, 10% cumulative,

Book value of each class of stock?

A corporation reports the following stockholders equity as of December 31, 2008

Preferred stock, $50 par, 10% cumulative, 100,000

shares authorized and 90,000 shares issued $4,500,000

Paid-in capital in excess of par-common 945,000

Common stock, $10 par, 200,000 shares authorized

and 200,000 shares issued 2,000,000

Paid-in capital in excess of par-common 800,000

Total paid-in capital 8,245,000

Retained earnings 3,400,000

Total stockholders equity $11,645,000

No dividends were declared in 2007 and there were no dividends in arrears prior to 2007. What is the book value per share of each class of stock?

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