The Bernard Company provided the following information from its financial records: Net income$250,000 Total stockholders's equity$1,000,000 Common dividends$15,000 Common shares outstanding 12/31 150,000 Preferred rights$175,000 What is the company's book value per share?
A. $0.50
B. $6.67
C. $5.50
D. $1.67
Answer: C
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