Question

Djarleen Company has 10,000 shares of $10 par preferred stock. It also has 250,000 shares of common stock outstanding, and its total stockholders' equity equals $4,000,000. The book value per common share is:
A.$ 16.67.
B.$ 16.00.
C.$ 40.00.
D.$ 15.60.
E.$ 10.00.

Answer

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