[The following information applies to the questions displayed below.]

Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding	$	60,000
Common stock$___ par value, 4,000 shares authorized, issued, and outstanding		160,000
Retained earnings		390,000
Total stockholders' equity	$	610,000

1. What is the current market value (price) of this corporations common stock?

Market price

?

per share

2. What are the par values of the corporation's preferred stock and its common stock?

	Par Value
Corporation's preferred stock	?
Corporation's common stock	?

3. If no dividends are in arrears, what are the book values per share of the preferred stock and the common stock?

Book Value Per Preferred Share
Choose Numerator:	/	Choose Denominator:	=	Book Value Per Preferred Share
Stockholders' equity applicable to preferred shares	/	Number of preferred shares outstanding	=	Book value per preferred share
?	/	?	=	?

Book Value Per Common Share

Choose Numerator:	/	Choose Denominator:	=	Book Value Per Common Share
Stockholders' equity applicable to common shares	/	Number of common shares outstanding	=	Book value per common share
?	/	?	=	?

4. If two years' preferred dividends are in arrears, what are the book values per share of the preferred stock and the common stock?

Book Value Per Preferred Share
Choose Numerator:	/	Choose Denominator:	=	Book Value Per Preferred Share
Stockholders' equity applicable to preferred shares	/	Number of preferred shares outstanding	=	Book value per preferred share
?	/	?	=	?
Book Value Per Common Share
Choose Numerator:	/	Choose Denominator:	=	Book Value Per Common Share
Stockholders' equity applicable to common shares	/	Number of common shares outstanding	=	Book value per common share
?	/	?	=	?

5. If two years preferred dividends are in arrears and the preferred stock is callable at $70 per share, what are the book values per share of the preferred stock and the common stock?

Book Value Per Preferred Share
Choose Numerator:	/	Choose Denominator:	=	Book Value Per Preferred Share
Stockholders' equity applicable to preferred shares	/	Number of preferred shares outstanding	=	Book value per preferred share
?	/	?	=	?
Book Value Per Common Share
Choose Numerator:	/	Choose Denominator:	=	Book Value Per Common Share
Stockholders' equity applicable to common shares	/	Number of common shares outstanding	=	Book value per common share
?	/	?	=	?

6.1 If two years preferred dividends are in arrears and the board of directors declares cash dividends of $12,200, what total amount will be paid to the preferred and to the common shareholders?

Total amount paid to the preferred shareholders	?
Total amount paid to the common shareholders	?

6.2 What is the amount of dividends per share for the common stock? (Round your answer to two decimal places.)

Dividend per share

?