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

Raphael Corporations common stock is currently selling on a stock exchange at $156 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		140,000
Retained earnings		390,000
Total stockholders' equity	$	600,000

Required:

1.

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

2.

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

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