What is the book value per ordinary share for hoyt corp

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Reference no: EM132807719

Hoyt Corp.'s current balance sheet reports the following stockholders' equity:

5% cumulative preference shares, ?100 par value 250,000

Ordinary share, par value ?3.50 per share 350,000

Share premium on ordinary shares 125,000

Retained earnings 300,000

Problem 1: Dividends in arrears on the preference share amount to ?25,000. If Hoyt were to be liquidated, the preference stockholders would receive par value plus a premium of ?50,000. The book value per ordinary share is

a. 7.75

b. 7.50

c. 7.25

d. 7.00

Reference no: EM132807719

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