A Company Has 500 Shares of $50 Par Value Preferred

Multiple Choice

A company has 500 shares of $50 par value preferred stock outstanding,and the call price of its preferred stock is $60 per share.It also has 20,000 shares of common stock outstanding,and the total value of its stockholders' equity is $680,000.The company's book value per common share equals:

A) $31.71.
B) $32.50.
C) $32.75.
D) $33.17.
E) $60.00.