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Blow Glass Corporation Has 100,000 Shares of Stock Outstanding, Each

Question 38

Multiple Choice

Blow Glass Corporation has 100,000 shares of stock outstanding, each with a par value of $2.50 per share.Blow Glass also has another 400,000 shares of stock that are shelf registered.Blow Glass has retained earnings of
$9,000,000 and additional paid-in capital of $1,000,000.What is Blow Glass's book value per share?


A) $90.00
B) $100.00
C) $27.50
D) $102.50
E) $92.50

Correct Answer:

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