Find what would be the price per share

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The founder of Alchemy Products Inc. discovered a way to turn gold into lead and patented this new technology. He then formed a corporation and invested $100,000 in setting up a production plant. He believes that he could sell his patent for $24 million.

Question 1: What is the market value of the firm? (in dollars not millions)

Question 2: If there are two million shares of stock in the new corporation, what would be the price per share?

Reference no: EM132514958

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