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James Company has 2,900 shares of $100 par preferred stock, which were issued at par. It also has 16,000 shares of common stock outstanding, and
James Company has 2,900 shares of $100 par preferred stock, which were issued at par. It also has 16,000 shares of common stock outstanding, and its total stockholders' equity equals $576,400. The book value per common share is:
Multiple Choice
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$15.15.
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$17.90.
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$100.00.
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$36.03.
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$30.50.
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