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Consider the following equity account of a firm with 100,000 common shares outstanding: Preferred Stock ($10 Par) $ 100,000 Common Stock ($1 Par) $ 300,000
Consider the following equity account of a firm with 100,000 common shares outstanding:
Preferred Stock ($10 Par) | $ 100,000 |
Common Stock ($1 Par) | $ 300,000 |
Contributed Capital | $ 800,000 |
Retained Earnings | $ 300,000 |
Total Equity | $1,500,000 |
Based on the information provided, the book value per share for the firm is ____________
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