A company has the following capital stock outstanding: preferred shares of $15,000, common shares of $30,000,...
| A company has the following capital stock outstanding: preferred shares of $15,000, common shares of $30,000, retained earnings of $100,000. Preferred dividends in arrears amount to $5,000. There are 10,000 common shares and 1,000 preferred shares issued. What is the book value one share of preferred stock? |
| a. $12.50 |
| b. $20 |
| c. $105 |
| d. $125 |
Homework Answers
Book value per share of preferred stock = (Amount of preferred shares outstanding + Dividend in Arrears) /Number of preferred shares outstanding
= 20,000/1000
= $20
i.e. b
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