Question
The founder of Alchemy Products Incorporated discovered a way to turn gold into lead and patented this new technology. He then formed a corporation and
The founder of Alchemy Products Incorporated discovered a way to turn gold into lead and patented this new technology. He then formed a corporation and invested $2,400,000 in setting up a production plant. He believes that he could sell his patent for $72 million.
What is the book value of the firm?
Note: Enter your answer in dollars not in millions.
What is the market value of the firm?
Note: Enter your answer in dollars not in millions.
If there are 2 million shares of stock in the new corporation, what is the book value per share?
Note: Round your answer to 2 decimal places.
If there are 2 million shares of stock in the new corporation, what is the price per share?
Note: Round your answer to 2 decimal places.
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