Willow Corporation has retained earnings of $320,000. It has 5,000 shares of 6 percent, $100 par value preferred stock outstanding that is callable at 102. The preferred stock is cumulative, and one year of dividends is in arrears. It also has 10,000 shares of $50 par value common stock outstanding. Assume all stock is issued at par. The book value of each share of preferred stock is

A) $168.00.
B) $108.00
C) $163.20.
D) $176.00.


B

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If you must turn down a job offer, employment experts suggest you should send the employer a letter

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