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Marcus Nurseries Inc.'s 2005 balance sheet showed total common equity of $2,450, which included $1,750 of retained earnings. The company had 1000 shares of stock

Marcus Nurseries Inc.'s 2005 balance sheet showed total common equity of $2,450, which included $1,750 of retained earnings. The company had 1000 shares of stock outstanding which sold at a price of $57.25 per share. If the firm had net income of $250 in 2006 and paid out $75 as dividends, what would its book value per share be at the end of 2006, assuming that it neither issued nor retired any common stock?

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