A company sells 100% ownership to investors and issues 10 shares of stock. They raise a total of $1,000,000. What is the book value of one share of stock?

Question 8 options:

	$100,000
	$1,000,000
	It depends on how much retained earnings the company has.
	It depends on what the stock sells for in the market.

Yesterday, a company sold 100% ownership to investors for $1,000,000 and issued 10 shares. What in the implied market capitalization of the company?

Question 9 options:

	$10,000
	$50,000
	$1,000,000
	$5,000,000