[The following information applies to the questions displayed below.] Raphael Corporations common stock is currently selling on a stock exchange at $151 per share, and its current balance sheet shows the following stockholders equity section: Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 70,000 Common stock$___ par value, 4,000 shares authorized, issued, and outstanding 120,000 Retained earnings 380,000 Total stockholders' equity $ 570,000 Required:

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

2. If no dividends are in arrears, what is the book value per share of common stock? 3. If two years preferred dividends are in arrears, what is the book value per share of common stock? 4. If two years preferred dividends are in arrears and the board of directors declares cash dividends of $15,500, what total amount will be paid to the preferred and to the common shareholders?