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If Dividends in Arrears Are $1,500,000 Preferred Stock Redemption Value

Question 17

Multiple Choice

If dividends in arrears are $1,500,000 preferred stock redemption value of 60,000, and 2,400 preferred shares outstanding, what is the book value per share of preferred stock? (Round the final answer to the nearest cent.)


A) $25.00
B) $2.50
C) $250.00
D) $12.50

Correct Answer:

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