Raymond Mining Corporation has 8.8 million shares of common stock outstanding, 320,000 shares of 4% $100...

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Raymond Mining Corporation has 8.8 million shares of common stock outstanding, 320,000 shares of 4% $100 par value preferred

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Answer 1

Answer #1

Market value of equity is Outstanding common stock * Current price of common stock Market value of equity is = (8.8#1000000*3

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Answer 2

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