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Problem 1: At the end of 20X2, EZ Storage Company reported 15,000 outstanding common shares that were trading at $40/share. Total liabilities were $440,000 and total assets were $860,000. The company had no preferred shares. What was the book value per common share?
Multiple Choice
A) $28.00B) $13.90C) $14.00D) $29.00
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