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Crane Corporation began operations in 2 0 2 2 with the following capital structure:Your answer is incorrect. On average, what was the original share price
Crane Corporation began operations in with the following capital structure:Your answer is incorrect.
On average, what was the original share price for each class of shareholder?
Class A common shareholders $
per share
Class B common shareholders
$
per share
Preferred shareholders
$
per share
Common shares, Class A: authorized and outstanding. The Class A common shares are entitled to votes per share and to receive dividends as declared by the board of directors. Total share capital for the Class A common shares at the end of the year was $ million.
Common shares. Class B: unlimited authorized; issued and outstanding. Class B shares are entitled to one vote per share. The Class B shares receive dividends as declared by the board of directors equal to Class A shares. Total share capital for the Class B shares at the end of the year is $ million.
Preferred shares: unlimited authorized; issued and outstanding. The cumulative participating preferred shares are nonvoting and received a preferential dividend of $ per share per year. Total share capital for the preferred shares as at the end of the year was $ million.
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