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Compute the book value per share of common stock

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Reference no: EM131768931

Question - At December 31, Penny Corporation has total stockholders' equity of $5,500,000. There are no shares of preferred stock outstanding. At year-end, 250,000 shares of common stock are outstanding and 20,000 shares are in treasury.

Instructions - Compute the book value per share of common stock. (Round answer to 2 decimal places.)

Reference no: EM131768931

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