Professor Diehard Found an Effective Antibiotic for the DEPRESS Bacteria

question 45

Multiple Choice

Professor Diehard found an effective antibiotic for the DEPRESS bacteria, and patented the drug. He believes that he can sell the patent for $20 million. He then formed a corporation and invested $400,000 in setting up a production plant. There are 2 million shares of stock outstanding. If the professor's belief is correct, what would be the price per share and the book value per share?

• A) $10.20; $.20
• B) $10.00; $.20
• C) $9.80; $.40
• D)$9.80; $.20

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Definitions:

Salaries Increasing

The phenomenon of wages rising over time, often measured in terms of average or median compensation levels.

Major Tasks

Principal or most significant activities necessary to achieve a goal or complete a process.

Paralegals

Professionals in the legal field who assist attorneys in case preparation, research, and document drafting, but are not licensed to practice law.

Paralegal Professionalism

The adherence to ethical standards, confidentiality, and continued education that paralegals must maintain to support attorneys and the legal process effectively.