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Question
Velcraft Company has 20,000,000 shares of common stock authorized, but to date, has only 12,000,000 shares outstanding, each with a $1.00 par value. The company has $24,000,000 in additional paid-in capital and retained earnings are $96,000,000. What is Velcraft's current book value per share?
a. $1.00
b. $3.00
c. $11.00
d. $6.60
e. $9.00
Answer
This answer is hidden. It contains 340 characters.
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