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question 90

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Use the following information for questions.
The following data are provided for Croatia Corp.'s last two fiscal years: Use the following information for questions. The following data are provided for Croatia Corp.'s last two fiscal years:   Additional information: On May 1, 2018, 6,000 common shares were issued.Although dividends had been declared regularly up to December 31, 2017, preferred dividends were NOT declared during 2018.The market price of the common shares was $100 at December 31, 2018. -The book value per common share at December 31, 2018 is A) $16.67. B) $18.18. C) $27.50. D) $35.83. Additional information:
On May 1, 2018, 6,000 common shares were issued.Although dividends had been declared regularly up to December 31, 2017, preferred dividends were NOT declared during 2018.The market price of the common shares was $100 at December 31, 2018.
-The book value per common share at December 31, 2018 is

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Definitions:

Payment In Full

The complete settlement of an obligation, such as paying off a loan or a bill, without any remaining balance.

Contractors

Individuals or organizations contracted to perform specific tasks or services for a defined period under agreed terms.

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest.

Pure Discount

A financial instrument, such as a zero-coupon bond, that is sold at a discount and pays no interest, only returning the face value at maturity.

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