Multiple Choice
Professor Diehard found an effective antibiotic for the DEPRESS bacteria, and patented the drug. He believes that he can sell the patent for $20 million. He then formed a corporation and invested $400,000 in setting up a production plant. There are 2 million shares of stock outstanding. If the professor's belief is correct, what would be the price per share and the book value per share?
A) $10.20; $.20
B) $10.00; $.20
C) $9.80; $.40
D) $9.80; $.20
Correct Answer:
Verified
Correct Answer:
Verified
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