Homework Answers
| Total stockholders' equity | 471450 |
| (-) Preferred stockholders' equity ( 950 * 63 ) | 59850 |
| Common stockholders' equity | 411600 |
| (/) Shares of common stock outstanding | 12000 |
| Book value per common share | 34.30 |
SOLUTION :
Book value per share
= (Shareholders’ equity - Preferred shares market value) / No. of common equity shares
= (471450 - 950*63) / 12000
= 34.30 ($) : Fifth Option (ANSWER).
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