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The following information applies to tme questions dispiayed below] Raphael Corporation' current balance sheet shows the following stockholders equity sections s common stock is currently

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The following information applies to tme questions dispiayed below] Raphael Corporation' current balance sheet shows the following stockholders equity sections s common stock is currently selling on a stock exchange at $176 per share, and Its Preferred stock-5% cumulative, $--par value, 1,000 shares authorized, Issued, and outstanding Common stock-S-par value, 4,000 shares authorized, issued, and outstanding Retained earnings $ 75,000 100,000 390,000 Total stockholders' equity $565.000 3. value: 0.62 points Required: 1. What is the current market value (price) of this corporation's common stock? Market price....i $ 176: per share

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