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Farmer's, Inc., has 1,000 shares of $100 par value preferred stock outstanding, 50000 of common stock outstanding, and its total stockholders' equity equals s5,000,000 The
Farmer's, Inc., has 1,000 shares of $100 par value preferred stock outstanding, 50000 of common stock outstanding, and its total stockholders' equity equals s5,000,000 The preferred stock does not have a call provision and the company has $50000 of cumulative dividends in arrears. The book value per preferred share is ___________
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