The book value per share of Topaz General Ltd. is $10 per share and the company has a total of 4 million shares. Calculate the total book value of common equity of the company.
A)$4 million
B)$10 million
C)$400 million
D)$40 million
E)$100 million

Question

The book value per share of Topaz General Ltd. is $10 per share and the company has a total of 4 million shares. Calculate the total book value of common equity of the company. 
A)$4 million
B)$10 million
C)$400 million
D)$40 million
E)$100 million

Quizplus · Accepted Answer

The total book value of common equity is calculated by multiplying the book value per share by the total number of shares. Thus, $10 per share * 4 million shares = $40 million.

The Book Value Per Share of Topaz General Ltd