Question
A. A company's Book Value is $100 million, with 2 million shares outstanding. Its market value is 20% above book value. Calculate: Price per share
A. A company's Book Value is $100 million, with 2 million shares outstanding. Its market value is 20% above book value.
Calculate:
- Price per share
B. Continuing off A: Suppose the company issues 100 thousand additional shares, which required a decline in price per-share of 8%.
Calculate:
- New market value
- New Book Value
- New book value per share
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
