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Chester's Balance Sheet has $61,131,610 in equity. Further, the company is expecting $3,000,000 in net...

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Finance

Chester's Balance Sheet has $61,131,610 in equity. Further, the company is expecting $3,000,000 in net income next year. Assuming no dividends are paid and no stock is issued, what would their Book Value be next year?

a. $23.82

b.$16.44

c. $44.62

d. $22.71

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