A company has $2,400,000 in stockholders' equity that includes 500 shares of $50 par value preferred stock outstanding and 250,000 shares of common stock outstanding.Calculate the book value per (1)preferred share,and (2)common share.

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The Answer of A company has $2,400,000 in stockholders' equity that includes 500 shares of $50 par value preferred stock outstanding and 250,000 shares of common stock outstanding.Calculate the book value per (1)preferred share,and (2)common share.

A Company Has $2,400,000 in Stockholders' Equity That Includes 500