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The equity section of the balance sheet for Hilton Web-Cams looks like this:Common Stock. $.25 par $400,000Paid in Capital in excess of par $4,500,000Retained earnings $1,100,000
a. How many shares has the company issued?b. What is the book value per share?c. Suppose that Hilton Web-Cams has made only one offering of common stock. At what price did it sell shares to the market?
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