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QUESTION 10 The common stock of KRJ Enterprises is currently selling for $49.11 per share. Last year the company reported total earnings of $311 million

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QUESTION 10 The common stock of KRJ Enterprises is currently selling for $49.11 per share. Last year the company reported total earnings of $311 million and there were 265 million shares of common stock outstanding. Total equity was reported on the balance sheet as $1,579 million. What was the company's book value per share? Present your answer to two decimal places. e.g. $20.00

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