Calculating book value per common share
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Ralph, Inc. had the following capital structure as of December 31, 1991:
8% cumulative preferred stock, par value $100, call value $115;
authorized, issued, and outstanding 1,000 shares $100,000
Common Stock, par value $1, authorized 400,000 shares; issued
and outstanding 300,000 shares $300,000
Retained Earnings $722,000
Total Stockholder's Equity $1,122,000
Ralph did not declare any dividends for this year. What was Ralph's book value per common share?
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The solution explains how to calculate the book value per common share.
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Ralph, Inc. had the following capital structure as of December 31, 1991:
8% cumulative preferred stock, par value $100, call value $115;
authorized, issued, and outstanding 1,000 shares $100,000
Common Stock, par value $1, ...
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