A company has 625 shares of $65 par value preferred stock outstanding. It also has 25,000 shares of common stock outstanding, and the total value of its stockholders' equity is $865,625. The company's book value per common share equals:
A. $34.63.
B. $33.38.
C. $33.78.
D. $32.20.
E. $33.00.
Answer: E
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