Question: Teppo Inc., 's current balance sheet shows total common equity of $2,794,922.00. The company has 500,000.00 shares of stock outstanding, and they sell at a
Teppo Inc., 's current balance sheet shows total common equity of $2,794,922.00. The company has 500,000.00 shares of stock outstanding, and they sell at a price of $7.38 per share. By how much do the firm's book value and market values per share differ? (Round your intermediate and final answer to two decimal places.) (I need to figure out how to solve this on a ti-84 calculator if possible)
a. $1.79
b. $7.38
c. $-1.79
d. $5.59
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