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What is the book value per share for preferred stock

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Reference no: EM132779595

A corporation reports the following year-end stockholders' equity:

Contributed capital:

Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued .............................................. $ 2,500,000

Contributed capital in excess of par, Preferred ............................................................................................ 125,000

Common stock, $10 par, 500,000 shares Authorized, 400,000 shares issued ................ 4,000,000

Contributed capital in excess of par, Common .................................................................. 1,200,000

Total contributed capital .......................................................... $ 7,825,000

Retained earnings ............................................................................................ 10,775,000

Total stockholders' equity ............................................................................................ $18,600,000

Problem 1: what is Par value for the preferred stock?

Problem 2: what is the book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears?

Reference no: EM132779595

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