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Nts Required information Problem 11-5A Computation of book values and dividend allocations LO C2, A4 (The...
nts Required information Problem 11-5A Computation of book values and dividend allocations LO C2, A4 (The following information applies to the questions displayed below.) Raphael Corporation's common stock is currently selling on a stock exchange at $178 per share, and its current balance sheet shows the following stockholders' equity section Print $ 65,000 Preferred stock-58 cumulative;" $ par value, 1,000 shares authorized, issued, and outstanding Common stock par value, 4,000 shares authorized, inued, and outstanding Retained earnings Total stockholders' equity 120,000 320,000 $ 505,000 Problem 11-5A Part 1 Required: 1. What is the current market value (price) of this corporation's common stock? Market price per share
Answers
Answer :
Market Price = $178 per share
Market price per share or market value of a stock is the price that a stock cane be readily bought or sold in the current market place.Here, the price at which stock is traded on a stock exchange is already given in the question as $178 per share.
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