Question
A company has 1,000 shareholders who own a total of two million shares of its common stock currently selling at $91.20 per share. The company
A company has 1,000 shareholders who own a total of two million shares of its common stock currently selling at $91.20 per share. The company earned $11,000,000 after taxes. The annual dividend is $0.40 per share. The firm has assets of $136,000,000 and liabilities of $23,000,000. What is the book value per share of common stock?
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Basic Finance An Introduction to Financial Institutions, Investments and Management
Authors: Herbert B. Mayo
11th Edition
1285425790, 1285425795, 9781305464988 , 978-1285425795
