Hunter Manufacturing Inc.'s December 31, 2011, balance sheet showed total common equity of $2,500,000 and...
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Hunter Manufacturing Inc.'s December 31, 2011, balance sheet showed total common equity of $2,500,000 and 203,319 shares of stock outstanding. During 2012, Hunter had $400,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/12, assuming that Hunter neither issued nor retired any common stock during 2012
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