A company has 500 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $60 per share. It also has 20,000 shares of common stock outstanding, and the total value of its stockholders' equity is $680,000. The company's book value per common share equals:
A. $32.75.
B. $60.00.
C. $33.17.
D. $32.50.
E. $31.71.
Answer: D
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