Multiple Choice
Winston Corporation has retained earnings of $400,000.It has 5,000 shares of 6 percent,$200 par value preferred stock outstanding that is callable at 102.The preferred stock is cumulative,and one year of dividends is in arrears.It also has 10,000 shares of $100 par value common stock outstanding.Assume all stock is issued at par.The book value of each share of preferred stock is
A) $210.
B) $216.
C) $204.
D) $220.
Correct Answer:
Verified
Correct Answer:
Verified
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