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1-4 is complete and provided. Please help with numbers 5 and 6 below.

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Raphael Corporations common stock is currently selling on a stock exchange at $191 per share, and its current balance sheet shows the following stockholders equity section:

Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding	$	55,000
Common stock$___ par value, 4,000 shares authorized, issued, and outstanding		140,000
Retained earnings		370,000
Total stockholders' equity	$	565,000

1. What is the current market value (price) of this corporations common stock?

	Market price $191 per share

2. What are the par values of the corporation's preferred stock and its common stock?

	Par Value Corporation's preferred stock $55 Corporation's common stock $35

3. If no dividends are in arrears, what are the book values per share of the preferred stock and the common stock?

	Book Value Per Preferred Share Choose Numerator: / Choose Denominator: = Book Value Per Preferred Share Stockholders' equity applicable to preferred shares / Number of preferred shares outstanding = Book value per preferred share $55,000 / 1,000 = $55.00

	Book Value Per Common Share Choose Numerator: / Choose Denominator: = Book Value Per Common Share Stockholders' equity applicable to common shares / Number of common shares outstanding = Book value per common share $510,000 / 4,000 = $127.50

4. If two years' preferred dividends are in arrears, what are the book values per share of the preferred stock and the common stock?

Book Value Per Preferred Share Choose Numerator: / Choose Denominator: = Book Value Per Preferred Share Stockholders' equity applicable to preferred shares / Number of preferred shares outstanding = Book value per preferred share $60,500 / 1,000 = $60.50 Book Value Per Common Share Choose Numerator: / Choose Denominator: = Book Value Per Common Share Stockholders' equity applicable to common shares / Number of common shares outstanding = Book value per common share $504,500 / 4,000 = $126.13

5. If two years preferred dividends are in arrears and the preferred stock is callable at $65 per share, what are the book values per share of the preferred stock and the common stock?

Book Value Per Preferred Share Choose Numerator: / Choose Denominator: = Book Value Per Preferred Share / = Book value per preferred share / = Book Value Per Common Share Choose Numerator: / Choose Denominator: = Book Value Per Common Share / = Book value per common share / = 6.1 If two years preferred dividends are in arrears and the board of directors declares cash dividends of $17,900, what total amount will be paid to the preferred and to the common shareholders? Total amount paid to the preferred shareholders Total amount paid to the common shareholders 6.2 What is the amount of dividends per share for the common stock? (Round your answer to two decimal places.) Dividend per share

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