A company has total assets of $5.5 million, total liabilities of $2.2 million, and $275,000 worth of 9% preferred stock outstanding.
What is the firm's total book value? Enter your answer in dollars and not in millions of dollars.
$
What would its book value per share be if the firm had 125,000 shares of common stock outstanding? Round the answer to the nearest cent.
$ per share