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  3. 5.5% cumulative preferred stock, $100 par value; a

5.5% cumulative preferred stock, $100 par value; authorized, 20,000 shares; issued and outstanding, 10,000 shares...

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Accounting

5.5% cumulative preferred stock, $100 par value; authorized, 20,000 shares; issued and outstanding, 10,000 shares $ 1,000,000 Common stock, $5 par value; authorized, 360,000 shares; issued and outstanding, 216,000 shares $ 1,080,000 Additional paid-in capital: preferred stock $ 20,000 Additional paid-in capital: common stock $ 1,600,000 Retained earnings $ 930,000 Dividends have been declared and paid for Year 1.

The book value per share of common stock is:

$16.81. $12.41. $8.33. $16.71.

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