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The Bernard Company provided the following information from its financial records: Net income $ 250,000 Total stockholders' equity $ 1,000,000 Common dividends $ 15,000 Common

The Bernard Company provided the following information from its financial records: Net income $ 250,000 Total stockholders' equity $ 1,000,000 Common dividends $ 15,000 Common shares outstanding, 12/31 150,000 Preferred rights $ 175,000 What is the company's book value per share? Multiple Choice

$0.50

$5.50

$6.67

$1.67

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