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Precision Builders construction company was incorporated by Chris Stoscheck. Assume the following activities occurred during the year: Received from three investors $ 6 0 ,

Precision Builders construction company was incorporated by Chris Stoscheck. Assume the following activities occurred during the year:
Received from three investors $60,000 cash and land valued at $35,000; each investor was issued 1,000 shares of common stock with a par value of $0.10 per share.
Purchased construction equipment for use in the business at a cost of $36,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months).
Lent $2,500 to one of the investors, who signed a note due in six months.
Chris Stoscheck purchased a truck for personal use; paid $5,000 down and signed a one-year note for $22,000.
Paid $12,000 on the note for the construction equipment in (b)(ignore interest).
Compute the market value per share of the stock.

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