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Citcam, the petroleum exploration, production, refining, and marketing company, presented the following in its September 30, 2011, balance sheet. Common stock-$10.00 par value, 50,000,000
Citcam, the petroleum exploration, production, refining, and marketing company, presented the following in its September 30, 2011, balance sheet. Common stock-$10.00 par value, 50,000,000 shares issued Capital in excess of par value ? $ 1,250,000,000 Read the requirements. Requirement 1. What amount should be shown on the common stock line? Select the formula and then enter the amounts to calculate the value to report on the common stock line. X Common stock Requirement 2. What was the average price per share paid by the original investors for the Citcam common stock? Select the formula and then enter the amounts to calculate the average price paid per share. (Round your final answer to the nearest cent.) Average price per share Requirement 3. How do your answers compare with the $15 market price of the stock in early 2012? Comment briefly. The relatively large from the original issuance price (determined in Requirement 2 above) and the current market price of $15 is quite typical of investment attractiveness based on a record of operations over This is usually caused by many years.
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