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year. Net income for the year was 54,800,000, and Donnell distributed a cash dividend of $4 per share on its common stock. Ea
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7 Average issue price per share of preferred stock=(Preferred stock total par value+Additional paid-in capital from preferred stock)/Number of preference shares issued
Number of preference shares issued=Preferred stock total par value/Par value of a preferred stock=1200000/100=12000
Average issue price per share of preferred stock=(1200000+288000)/12000=$ 124
8 Common stock outstanding=Common stock issued-Shares in treasury stock=140000-14000=126000
9 Market price per share=Par value+Premium amount
Premium amount=Additional paid-in capital from stock dividends/Shares issued as stock dividend=400000/5000=$ 80 per share
Market price per share=2+80=$ 82
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