Symons Corporation Has Provided the Following Financial Data

question 150

Multiple Choice

Symons Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,500.The market price of common stock at the end of Year 2 was $2.01 per share. The company's book value per share at the end of Year 2 is closest to:

• A)$17.94 per share
• B)$28.26 per share
• C)$0.19 per share
• D)$11.54 per share

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Definitions:

Federal Law

Legislation enacted by the national government of a country and applicable throughout its jurisdiction.

Insider Trading

The illegal buying or selling of a publicly-traded company's stock by someone who has non-public, material information about that stock.

Solar Power

The conversion of energy from sunlight into electricity, either directly using photovoltaic cells or indirectly through concentrated solar power systems.

Violation

The act of breaching, disobeying, or infringing upon a law, rule, or agreement.