8 of 10(8 complete) Score: 0.43 of 1 pt S10-15 (similar to) Diamond, Inc. has th

Question

8 of 10(8 complete) Score: 0.43 of 1 pt S10-15 (similar to) Diamond, Inc. has the following stockholders' equity ?(click the icon to view the data ) The company has passed its prefered dividends for three years, including the current year. Compute the book value per share of the company's common sto Begin by selecting the formua labels and then enter the amounts to cakulate the book value per share of common stock. (Abbreviations used: EV - Book va Preferred equity Shares of CS outstanding BV per share of Cs Total stockholders' equity 4566000 Data Table Preferred stock, 1%, $5 par, 195,000 39000 shares authorized and issued Common stock, $9 par, 100,000 shares authorized, 67000 shares issued Additional paid-in capital-Common Retained earnings Less treasury stock, common (1,200 shares at cost Total stockholders' equity 603,000 2,210,000 1,600,000 (42,000) S 4,566,000 Enter All par Print Done Clear All

Explanation / Answer

Answer

BV of Share = (Total Shareholder's Equity - Preferred Stock) / Outstanding Equity Shares

= ($4,566,000 - 195,000) / (67,000 - 1,200 Shares)

BV of Share= $66.429 per share

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