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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. a. What is the book value of the firm? Note: Enter your answer in dollars not in millions. b. What is the market value of the firm? Note: Enter your answer in dollars not in millions. c. 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. d. 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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