Solved: Determine the book value per common share, Financial Accounting

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Determine the book value per common share

Response to the following problem:

A company has 825 shares of $50 par value preferred stock oustanding and the call price of its preferred stock is $63 per share. It also has 17,000 shares of common stock outstanding, and the total value of its stockholders' equity is $626,575. The company's book value per common share equals?

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Financial Accounting: Determine the book value per common share

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Financial Accounting: Determine the book value per common share

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