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What is the firm total book value

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Question: Coin Flip Co. has total assets of $8 million, total short- and long-term debt of $4.8 million, and $650,000 worth of 9% preferred stock outstanding. What is the firm's total book value? What would its book value per share be if the firm had 50,000 shares of common stock outstanding?

Reference no: EM131624567

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