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Stockholders equity Preferred Stock, $100 par, 3.5%, 10,000 authorized $ 900,000 Common Stock, $0.25 par, 1,000,000 authorized 150,000 Paid in Capital in Excess of par

Stockholders equity

Preferred Stock, $100 par, 3.5%, 10,000 authorized $ 900,000

Common Stock, $0.25 par, 1,000,000 authorized 150,000

Paid in Capital in Excess of par C/S 20,850,000

Retained Earnings 80,000,000

Treasury stock at cost, 1,000 shares 45,000

Total Stockholders equity ??????????

  1. At what amount did the preferred stock sell for per share? (2 points)

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