Reference no: EM133189342
Question - Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, Year 1:
5.0% cumulative preferred stock, $100 par value; authorized, 48,000 shares; issued and outstanding, 24,000 shares $ 2,400,000
Common stock, $4 par value; authorized, 640,000 shares; issued and outstanding, 384,000 shares $ 1,536,000
Additional paid-in capital: preferred stock $ 48,000
Additional paid-in capital: common stock $ 3,000,000
Retained earnings $ 1,070,000
Dividends have been declared and paid for Year 1.
Required - What the book value per share of common stock?
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