Question
Raphael Corporations common stock is currently selling on a stock exchange at $197 per share, and its current balance sheet shows the following stockholders equity
Raphael Corporations common stock is currently selling on a stock exchange at $197 per share, and its current balance sheet shows the following stockholders equity section: |
Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding | $ | 75,000 |
Common stock$___ par value, 4,000 shares authorized, issued, and outstanding | 120,000 | |
Retained earnings | 330,000 | |
Total stockholders' equity | $ | 525,000 |
What is the current market value (price) of this corporations common stock?
What are the par values of the corporation's preferred stock and its common stock?
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If no dividends are in arrears, what are the book values per share of the preferred stock and the common stock?
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