Shares of common stock outstanding

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A company has total assets of $5.5 million, total liabilities of $2.5 million, and $440,000worth of 8% preferred stocks outstanding? What is the firm's total book value? Enter your answer in dollars and not in millions of dollars. What would its book value per share be if the firm had 50,000 shares of common stock outstanding? round your awnser to nearest cent per share.

Reference no: EM131446181

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