Raphael Corporation common stock is currently selling on a stock exchange at $85

Question

Raphael Corporation common stock is currently selling on a stock exchange at $85 per share, and it's current balance sheet shows the following stockholders equity section:
Preferred stock-5% cumulative, $____ par value, 1,000 shares authorized, issued, and outstanding                                  $50,00
Common stock -$___par value, 4,000 shares authorized,issued, and outstanding 80,000
Retained earnings                         150,000
Total stockholders equity             $280,000

What is the current market value price of this corporation common stock

Explanation / Answer

market price of the share is $85 per share this the answer

it is already mentioned in the problem

book value of the common equity share price per share = (80000 + 150000) / 4000 shares = $57.5

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.