Question
Velcraft Company has 20,000,000 shares of common stockauthorized, but to date, has only 12,000,000 shares outstanding,eash with a $1.00 par value. the company has $24,000,000
Velcraft Company has 20,000,000 shares of common stockauthorized, but to date, has only 12,000,000 shares outstanding,eash with a $1.00 par value. the company has $24,000,000 inadditional paid in capital and retained earings are$96,000,000. what is Velcraft's current book value pershare?
a. $1.00
b. $ 3.00
c. $ 11.00
d. $ 6.60
e $ 9.00
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
