Question
A companys Book Value is $100 million, with 2 million shares outstanding. Its market value is 20% above book value. 2 points each 1) What
A companys Book Value is $100 million, with 2 million shares outstanding.
Its market value is 20% above book value. 2 points each
1) What is its price per-share?
Suppose the company issues 100 thousand additional shares, which required a decline in price per-share of 8%.
Calculate:
2) New market value
3) New book value
4) New book value per-share
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Financial Management Theory And Practice
Authors: Prasanna Chandra
8th Edition
0071078401, 978-0071078405
