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Hertz Company has 500 shares of $60 par value preferred stock outstanding. It also has 20,000 shares of common stock outstanding, and the total

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Hertz Company has 500 shares of $60 par value preferred stock outstanding. It also has 20,000 shares of common stock outstanding, and the total value of its stockholders' equity is $680,000. The company's book value per common share equals: $32.75. $60.00. $32.50. $33.17. $31.71.

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