P Co's earnings per share ratios were $1.31 and $1.36 respectively for 20X2 and 20X1. P Co's share was trading at $40 7/16 in 20X2 and $34 11/16 in 20X1. They paid cash dividends of $.515 per share in 20X2 and $.46 per share in 20X1. Total shareholders' equity was $6,401 million and $6,936 million in 20X2 and 20011 respectively. The common shares outstanding were approximately 1,519,000,000 and 1,570,000,000 in 20X2 and 20X1 respectively.
-Calculate P Co's book value per share in 20X2 and 20X1 respectively.
A) 4.14 and cannot compute 20X2's book value
B) 4.14 and 4.49
C) 4.21 and 4.42
D) 4.21 and cannot compute 20X2's book value
Correct Answer:
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