A company has 800 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $62 per share. It also has 18,000 shares of common stock outstanding, and the total value of its stockholders' equity is $656,200. The company's book value per common share equals:
A. $34.23.
B. $36.46.
C. $34.90.
D. $32.27.
E. $33.70.
Answer: E
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