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The founder of Alchemy Products, Inc., discovered a way to turn lead into gold and patented this new technology. He then formed a corporation and
The founder of Alchemy Products, Inc., discovered a way to turn lead into gold and patented this new technology. He then formed a corporation and invested $600,000 in setting up a production plant. He can sell his patent for $72 million. a. What are the book value and market value of the firm? (Enter your answers in dollars not in millions.) Book value Market value $ b. If there are 3 million shares of stock in the new corporation, what would be the price per share and the book value per share? (Round your answers to 2 decimal places.) $ Price per share Book value per share $
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