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Magna Corporation has shareholders' equity of $200,000, no preferred shares, 5,000 common shares authorized, and 4,000 common shares outstanding. Calculate the book value per share.

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Magna Corporation has shareholders' equity of $200,000, no preferred shares, 5,000 common shares authorized, and 4,000 common shares outstanding. Calculate the book value per share. $40 $22.22 $50 answer not provided $200,000

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