James Company has 2,800 shares of $100 par preferred stock, which were issued at par. It also has 17,000 shares of common stock outstanding, and its total stockholders' equity equals $582,600. The book value per common share is:

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease