9 Required information The following information applies to the questions displayed below] Raphael Corporation's common stock is currently selling on a stock exchange at $198 per share, and its current balance Part 1 of 5 sheet shows the following stockholders' equity section: 1.53 points Preferred stock-58 cumulative, $ par value, 1,000 shares $ 90,000 authorized, issued, and outstanding Common stock-_ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 140,000 300,000 $530,000 Required: 1. What is the current market value (price) of this corporation's common stock? Answer is complete and correct. arket rice 198 per share