Question
Novice Card Games Inc.s current balance sheet shows total common equity of $3,495,000. The company has 150,000 shares of stock outstanding, and they sell at
Novice Card Games Inc.s current balance sheet shows total common equity of $3,495,000. The company has 150,000 shares of stock outstanding, and they sell at a price of $45.75 per share. Which of the following statements is CORRECT?
Group of answer choices
The companys book value per share exceeds its market value per share by $22.45.
The companys market value per share exceeds its book value per share by $23.30.
The companys book value per share exceeds its market value per share by $23.30.
The companys book value per share and market value per share are equal.
The companys market value per share exceeds its book value per share by $22.45.
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