Reference no: EM132599656
Question - Peterson Company has the following stockholders' equity section in its December 31, 2003, balance sheet:
Stockholders' Equity 11% Preferred Stock, 11000 shares issued $792000
Common Stock, 67000 shares issued 1474000
Additional Paid-in Capital 2828753
Retained Earnings 1775891
Treasury stock, 7000 shares at cost (210000)
Total Stockholders' Equity $6660644
At the end of 2002, there were no preferred stock dividends in arrears. In 2003, Peterson Company declared and paid a $19000 cash dividend. The preferred stock has a liquidation preference of $73 per share.
Compute the book value per share of preferred stock and compute the book value per share of common stock. Round to the nearest cent.
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