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Renai Concepts is a new company that issued 1,000 shares of stock for $20 per share. Its net income in the first year was $4,500.
Renai Concepts is a new company that issued 1,000 shares of stock for $20 per share. Its net income in the first year was $4,500. If it retains 50% of earnings, what is the book value of Renai's equity? 
Renai Concepts is a new company that issued 1,000 shares of stock for $20 per share. Its net income in the first year was $4,500. If it retains 50% of earnings, what is the book value of Renai's equity
Renai Concepts is a new company that issued 1,000 shares of stock for $20 per share. Its net income in the first year was $4,500. If it retains 50% of earnings, what is the book value of Renai's equity?
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