The Book Value Per Share of Topaz General Ltd

question 48

Multiple Choice

The book value per share of Topaz General Ltd. is $10 per share and the company has a total of 4 million shares. Calculate the total book value of common equity of the company. 

• A)$4 million
• B)$10 million
• C)$400 million
• D)$40 million
• E)$100 million

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Definitions:

Mineralocorticoids

A class of steroid hormones that regulate electrolyte and water balance by acting on the kidneys, primarily aldosterone.

PTH

Parathyroid hormone, a regulator of calcium levels in the blood.

Insulin

A substance secreted by the pancreas that controls blood sugar levels by assisting the absorption of glucose by cells.

ADH

Antidiuretic Hormone, also known as vasopressin, a hormone produced by the pituitary gland that regulates the body's retention of water by increasing the concentration of the urine.