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The Lunder Company has total assets of $ 2 2 , 5 4 2 , 0 0 0 , current liabilities of $ 2 ,

The Lunder Company has total assets of $22,542,000, current liabilities of $2,547,000, and long-term
liabilities of $7,410,000. The firm has 1,200,000 shares of common stock outstanding. Compute the firms
book value of equity per share (rounded to the nearest cent; for example, record $5.18734 as 5.19)

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