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A Firm Has $1,750,000 of Total Assets and $1,330,000 of Total

Question 87

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A firm has $1,750,000 of total assets and $1,330,000 of total liabilities.The firm then issued 10,000 newly created shares at a price of $17 each (prior to this share issuance the firm had 35,000 shares outstanding).What is the firm's equity book value per share (BVPS)after the share issuance?

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