The balance sheet of Mark Todd Wireless, Inc., reported the following:

Assume that Todd has paid preferred dividends for the current year and all prior years (no dividends in arrears).
Requirement
1. Compute the book value per share of the commonstock.

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Preferred stock, 9%, $20 par, 1,300 shares authorized, issucd and outstanding Common stock, no-par valuc, 12,000 shares authorized, 5,300 shares issucd Retained carnings Total stockholders' equity $ 26,000 200,000 50,000 S 276,000