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The common stock of KRJ Enterprises is currently selling for $24.43 per share. Last year the company reported total earnings of $313 million and there
The common stock of KRJ Enterprises is currently selling for $24.43 per share. Last year the company reported total earnings of $313 million and there were 200 million shares of common stock outstanding. Total equity was reported on the balance sheet as $1,757 million. What was the company's book value per share? Present your answer to two decimal places (e.g., $20.00.) Please show all steps.
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