A Company Has 1,000 Shares of $100 Par Preferred Stock

Multiple Choice

A company has 1,000 shares of $100 par preferred stock.It also has 25,000 shares of common stock outstanding and its total stockholders' equity equals $500,000.The book value per common share is:

A) $15.38
B) $16.00
C) $19.23
D) $20.00
E) $100.00