Folsom corporations common stock is currently selling on a

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Reference no: EM13601021

Folsom Corporation's common stock is currently selling on a stock exchange at $183 per share, and its current balance sheet shows the following stockholders' equity section.

Preferred stock-5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding
$85,000
Common stock-$___ par value, 4,000 shares authorized, issued, and outstanding
200,000
Retained earnings
350,000
Total stockholders' equity
$635,000

If two years' preferred dividends are in arrears and the preferred stock is callable at $95 per share, what are the book values per share of the preferred stock and the common stock?

Book value per share of the preferred stock$
Book value per share of the common stock $

Reference no: EM13601021

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