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Bonded Paper Company Has a Balance Sheet Which Lists $85

Question 119

Multiple Choice

Bonded Paper Company has a balance sheet which lists $85 million in assets,$40 million in liabilities and $45 million in common shareholders' equity.It has 1,400,000 common shares outstanding.The replacement cost of the assets is $115 million.The market share price is $90.What is Bonded Paper's book value per share?


A) $1.68
B) $2.60
C) $32.14
D) $60.71
E) none of these

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