All the end of this fiscal year, ABC Company's balance sheet showed $5,301,577 of long...
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Finance
All the end of this fiscal year, ABC Company's balance sheet showed $5,301,577 of long term debt, $1,000,000 of common stock account, and $2,546,939 of retained earnings. The company had no preferred stock outstanding, and the market value of its long-term debt was the same as its book value. The company had 109,629 shares of common stock with the end-of-year price of $40 per share. How much value (MVA) did ABC Company's management add to stockholders' wealth this year? Ignore the dollar sign and round your final answer to the nearest dollar. If your answer has a negative number, add '-' to your answer, e.g., xx,xxx or -XX,xxx. (Hint: MVA = MV of capital - BV of capital)
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