EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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I don't need ai answer general accounting question

A company's shareholder equity at the end of the
year is $20,000. It has to pay its preferred stock
shareholders $10,000. The company issued a total
of 10,000 shares.
How much is each share worth?
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Transcribed Image Text:A company's shareholder equity at the end of the year is $20,000. It has to pay its preferred stock shareholders $10,000. The company issued a total of 10,000 shares. How much is each share worth?
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