Greenwave, Inc., went public 5 years ago and has had no further equity issuance (or repurchases...

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Greenwave, Inc., went public 5 years ago and has had no further equity issuance (or repurchases of equity). The firm has the following current balances for its book value of equity: Par Value ($2.00 par value per share) $350,000 Capital in Excess of Par Retained Earnings $0 $7,800,000 a. From this information, can we tell how many shares are outstanding for this firm and the price that these shares were sold to the public? If so, calculate these two items. If not, tell me what additional information you need to know. b. What is Greenwave's Book Value Per Share? c. Can the Greenwave's market value per share be calculated using the above information? Explain why or why not. Greenwave, Inc., went public 5 years ago and has had no further equity issuance (or repurchases of equity). The firm has the following current balances for its book value of equity: Par Value ($2.00 par value per share) $350,000 Capital in Excess of Par Retained Earnings $0 $7,800,000 a. From this information, can we tell how many shares are outstanding for this firm and the price that these shares were sold to the public? If so, calculate these two items. If not, tell me what additional information you need to know. b. What is Greenwave's Book Value Per Share? c. Can the Greenwave's market value per share be calculated using the above information? Explain why or why not.

Answer rating: 100% (QA)

a From the provided information we can calculate the number of shares outstanding and the price at w... View the full answer