Raphael Corporation’s common stock is currently selling on a stock exchange at $85 per s...

Raphael Corporation’s common stock is currently selling on a stock exchange at $85 per share, and its current balance sheet shows the following stockholders’ equity section.

Required

1. What is the current market value (price per share) of this corporation’s common stock?

2. What are the par values per share of the corporation’s preferred stock and its common stock?

3. What are the book values per share of the preferred stock and the common stock?

4. Assume Raphael Corporation’s preferred stock has a call price of $53 per share. What are the book values per share of the preferred stock and common stock?

Analysis Component

5. What are some factors that can contribute to a difference between the book value of common stock and its market value (price)?