Book Value Of Stock

Please help me calculate book value per share of common stock.?

In 2008,Corporation reports after-tax net income of $5,800,000. During the year, the # of shares of stock outstanding remained constant at 10,000 of $100 par, 9% preferred stock and 400,000 shares of common stock. The co.’s total stockholder’s equity was $23,000,000 at 12/31/08. Corporation’s stock was selling at $52 per share at the end of its fiscal year. All dividends for the year had been paid, including $4.80 per share to common stockholders.

To me, it looks like the question is trying to cloud the issue with a lot of useless information. The fact remains that at the end of 2008, AFTER net income has been added and AFTER ALL dividends have been paid, stockholder’s equity was $23,000,000. So just divide Stockholder’s Equity by the outstanding shares of common stock.

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