The book value of the common stock of Zircon Global Ltd. is $34 million. If Zircon has four million shares of common stock outstanding, what is its book value per share?
A) $136.00 per share
B) $8.50 per share
C) $4.00 per share
D) $0.60 per share
E) $30.00 per share
Correct Answer:
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