Professor Diehard Found an Effective Antibiotic for the DEPRESS Bacteria,and

Professor Diehard found an effective antibiotic for the DEPRESS bacteria,and patented the drug.He believes that he could 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; $0.20
B) $10.00; $0.20
C) $9.80; $0.40
D) $9.80; $0.20

Correct Answer:

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