Answer:
30
Explanation:
The first step is to calculate the preferred stock
= 5,000×100
= 500,000
Therefore the book value per common share can be calculated as follows
= 2,000,000-500,000/50,000
= 1,500,000/50,000
= 30
Hence the book value per common share is 30
Answer:
B) calculate the number of years required for real GDP to double
Explanation:
The rule of 70 calculates the amount of time it takes for an investment to double.
Given the annual rate of economic growth, the rule of 70 calculates the number of years required for real GDP to double.
It is calculated as 70 / annual rate of economic growth.
I hope my answer helps you.