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I need help please! HW Problem 11.2 - Pipi Company's common stock is currently selling for $40 per share on the New York Stock Exchange,
I need help please!
HW Problem 11.2 - Pipi Company's common stock is currently selling for $40 per share on the New York Stock Exchange, and its stockholder's equity on 12/31/X2 includes the following. Common Stock - S par value, 200,000 shares authorized, 60,000 issued and 45,000 outstanding $135.000 Paid in Capital in Excess of Par - Common $700.000 Preferred Stock-8% non-cumulative, s par value 30,000 shares authorized, 6,000 issued and outstanding $120,000 Retained Earnings S665.000 $1,620,000 Less Treasury Stock (S150.000) Total Shareholder's Equity $1,470,000 a. What is the par value of Pipi Company's common stock? b. What is the par value of Pipi Company's preferred stock? c. How many shares of treasury stock does Pipi hold? d. If Pipi's treasury stock was acquired in a single transaction a few years back, what was the market share at that time? value perStep by Step Solution
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