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Coronet Corp. has total stockholders' equity of $7,400,000. The company's outstanding capital stock includes 100,000...

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Accounting

Coronet Corp. has total stockholders' equity of $7,400,000. The company's outstanding capital stock includes 100,000 shares of $10 par value common stock and 20,000 shares of 6%, $100 par value preferred stock. (No dividends are in arrears.) The book value per share of common stock is:

A. $39

B. $49

C. $54

D. $74

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