A Company Has 1,000 $100 Par Preference Shares

question 34

Multiple Choice

A company has 1,000 $100 par preference shares. It also has 25,000 ordinary shares outstanding, and its total shareholders' equity equals $500,000. The book value per ordinary share is:

• A) $15.38.
• B) $16.00.
• C) $19.96.
• D) $20.00.
• E) $100.00.

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