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Saguaro Corporation has total contributed capital of $840,000 and retained earnings of $427,000. It has 1,000 shares of $100 par value preferred stock with no
Saguaro Corporation has total contributed capital of $840,000 and retained earnings of $427,000. It has 1,000 shares of $100 par value preferred stock with no dividends in arrears and 5,000 shares of $100 par value common stock. The preferred stock is callable at 105. The book value of each share of common stock is
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