Question 15 o pts At the end of this fiscal year, ABC Company's balance sheet showed...
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Question 15 o pts At the end of this fiscal year, ABC Company's balance sheet showed $5,489,892 of long term debt, $1,000,000 of common stock account, and $2,674,200 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 109,159 shares of common stock with the end-of-year price of $37 per share. How much value (MVA) did ABC Company's management add to stockholders' wealth this year? Round your answer to the nearest dollar, but ignore dollar sign. 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) Question 15 o pts At the end of this fiscal year, ABC Company's balance sheet showed $5,489,892 of long term debt, $1,000,000 of common stock account, and $2,674,200 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 109,159 shares of common stock with the end-of-year price of $37 per share. How much value (MVA) did ABC Company's management add to stockholders' wealth this year? Round your answer to the nearest dollar, but ignore dollar sign. 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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