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hare, and Iits Raphoe Corporation's common stock s currently selling on a stock exchange at...

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Accounting

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hare, and Iits Raphoe Corporation's common stock s currently selling on a stock exchange at $153 per share, and its current balance sheet shows the following stockholders equity section: Raphael Corporation's common stock is currently selling on a stock exchange at $153 per s Preferred stock 5% cumulative, $ par value, 1,000 shares authorized, issued, and outstanding Common stock- $ par value, 4,000 shares authorized, issued and outstanding Retained earnings $ 95,000 on stock-$-par 160,000 390,000 Total stockholders equity $645,000 11. 1 value: 1.25 points Required: 1. What is the current market value (price) of this corporation's common stock? per share

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