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PART B: EQUITY VALUATION 5. At year-end, the Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of
PART B: EQUITY VALUATION 5. At year-end, the Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding. Based on this information, Tangshan's book value per share of common stock is
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How Finance Works
Authors: Mihir Desai
1st Edition
1633696707, 978-1633696709
