1. Book value per share of common stock is derived by which of the following: A. Stockholder's equity divided by the number of shares authorized. B. Stockholder's equity divided by the number of shares outstanding. C. Net income divided by the number of shares outstanding. D. Net income divided by the number of shares authorized.
2. When shares of stock are sold from one investor to another, they will trade at: A. Par value. B. Book value. C. Market value. D. Stated Value.