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Question(s) / Instruction(s):

 A company has 1,000 shares of $100 par preferred stock. It also has 25,000 shares of common stock outstanding, and its total stockholders' equity equals $500,000. The book value per common share is:

a)            $ 15.38.

b)            $ 16.00.

c)            $ 19.23.

d)            $ 20.00.

e)            $100.00.

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