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The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 2, is as follows. Note: The market value per
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 2, is as follows. Note: The market value per share of the common stock is $40, and the market value per share of the preferred stack is $22. Required a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? c. What is the number of common stock shares outstanding? d. What was the average issue price per share (price for which the stock was issued) of the common stock? f. If Mann Equipment Company deciared a 2-for-1 stock split on the common stock, how many shares would be outstanding after the split? What amount would be transferred from the Retained Earnings account because of the stock spit? Theoretically, What woulc be the market price of the common stock immedintely after the stock split? 8 Answer is completn but not entirely correct. Complete this question by entering your anwwers in the tabs below. a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.) c. What is the number of common stock shares outstanding? d. What was the average issue price per share (price for which the stock was issued) of the common stock? (Round your answer to nearest whole dollar.)
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