MBP Company has 10,000 shares of $10 par preferred stock, which were issued at par. It also has 250,000 shares of common stock outstanding, and its total stockholders' equity equals $4,000,000. The book value per common share is:
A. $16.00.
B. $40.00.
C. $10.00.
D. $15.60.
E. $16.67.
Answer: D
Business
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