Red Stapler Company Has a Balance Sheet Which Lists $85

question 29

Multiple Choice

Red Stapler Company has a balance sheet which lists $85 million in assets, $40 million in liabilities, and $45 million in common shareholders' equity. It has 1,400,000 common shares outstanding. The replacement cost of the assets is $115 million. Shares currently sell for $90. What is Red Stapler's market value per share?

• A) $1.68
• B) $2.60
• C) $32.14
• D) $60.71
• E) None of the options are correct.

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Definitions:

Cardiovascular Disease

This category includes conditions that affect the heart or the blood vessels, such as coronary artery disease, hypertension, and stroke.

Married Woman

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Having a large social network or a high number of social connections.

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