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The founder of alchemy products determined a way to turn lead into gold and patented this new technology. He then formed a corporation and invested 1,200,000 in setting up a production plant. He believes he could sell his patent for 48 million. What are the book value and market value of the firm, and 2) if there are 2 million shares of stock in the new corporation what would be the price per share and the book value per share.
All written work must conform with the University of Ballarat General Guide for the Presentation of Academic Work.
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