Stockholders' Equity Preferred 7% Stock cumulative and nonparticipating, $25 par value, $22 redemption value, 10,000 shares issued and outstanding $250,000 Common Stock, $11 par value, 44,000 shares issued and outstanding 484,000 Retained Earnings 295,000 Total Stockholders' Equity $1,029,000 whats the book value of preffered stock if the total of shares is 1700