Question: The stockholders' equity section of a corporation's balance sheet follows:
Preferred stock, $25 par value, 5%, cumulative, 10,000 shares
Common stock, $10 par value, 50,000 shares authorized, 10,000 shares issued and outstanding 100,000
Contributed capital in excess of par value, Common stock 40,000
Authorized, 5,000 shares issued and outstanding $125,000
Contributed capital in excess of par value, Preferred stock 50,000
Retained earnings 95.000
Total stockholders' equity $410,000
Suppose that preferred stock has a call price of $30 per share & one year of cumulative preferred dividends in arrears, calculate the book values per preferred share and per common share:
Book value per preferred share;
Book value per common share;