What is the book value per share of common stock

Assignment Help Financial Management

Reference no: EM131182547

A company has 1,000 shareholders who own a total of two million shares of its common stock currently selling at $88.00 per share. The company earned $14,000,000 after taxes. The annual dividend is $0.60 per share. The firm has assets of $132,000,000 and liabilities of $23,000,000. What is the book value per share of common stock?

Reference no: EM131182547

Questions Cloud

Consider an oil-wildcatting problem : Consider an oil-wildcatting problem. A decision maker has mineral rights on a piece of land that he believes may have oil underground. There is a 30% chance that the decision maker will strike oil if he drills. What is the maximum amount that the dec..

Considering investing in two alternative production systems : Blanda Incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive, and the cost of the new equipment and the resulting cash flows are shown in the accompanying table. If the firm uses a ..

Nanotech pay to buy back its current outstanding bonds : Nanotech, Inc., has a bond issue maturing in seven years that is paying a coupon rate of 8.5 percent (semiannual payments). Management wants to retire a portion of the issue by buying the securities in the open market. If it can refinance at 7.0 perc..

What is the enterprise value of this business : ProtoSeis Corp. is expected to grow rapidly in the next four years and then have a zero growth rate for the foreseeable future. The firm expects free cash flows of $42.5 million, $64.3 million, $77.1 million and $92 millon over the next four years, a..

What is the book value per share of common stock : A company has 1,000 shareholders who own a total of two million shares of its common stock currently selling at $88.00 per share. The company earned $14,000,000 after taxes. The annual dividend is $0.60 per share. The firm has assets of $132,000,000 ..

What is the forward rate of interest for the second year : The yield to maturity on one-year zero-coupon bonds is 7.1%. The yield to maturity on two-year zero-coupon bonds is 8.1%. What is the forward rate of interest for the second year? If you believe in the expectations hypothesis, what is your best guess..

Correct concerning the rules related to project analysis : Which one of the following is correct concerning the rules related to project analysis?

The future value of an annuity : A decrease in the interest rate and an increase in the number of time periods would increase the value of an annuity present value interest factor. An increase in the amount of an annuity payment will decrease the present value of the annuity. The fu..

About forms of business organization : Which of the following statements about forms of business organization is true?

User Account

All Pages