(L.OBJ. 6) Book value per share of common stock [5-10 min] Golden Trust has the followi...

(L.OBJ. 6) Book value per share of common stock [5-10 min]

Golden Trust has the following stockholders’ equity:

Golden has not declared preferred dividends for five years (including the current year).

Requirement

1. Compute the book value per share of Golden’s preferred and common stock.