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Determining the book value per share

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Reference no: EM132269157

Advance Manufacturing has 8.2 million shares of common stock outstanding. The current share price is $50, and the book value per share is $8.

The company has 200,000 9% coupon bonds outstanding, $1,000 par value, 15 years to maturity, currently selling for 97% of par, and the bonds make annual payments.

Reference no: EM132269157

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