Question
The following information applies to the questions displayed below.] Raphael Corporations common stock is currently selling on a stock exchange at $158 per share, and
The following information applies to the questions displayed below.] Raphael Corporations common stock is currently selling on a stock exchange at $158 per share, and its current balance sheet shows the following stockholders equity section: Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 85,000 Common stock$___ par value, 4,000 shares authorized, issued, and outstanding 160,000 Retained earnings 350,000 Total stockholders' equity $ 595,000 Required: 1. What is the current market value (price) of this corporations common stock?
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