Reference no: EM132687847
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 the Par value for the preferred stock?
Problem 2: 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 areas?