Homework Answers
| Before | After | |
| Book Value Per Share | $35.690 | $31.3067 |
| Total Book Value of Shares | $24,983 | $24,983 |
Explanation;
| Before | After | |
| Total Stockholders Equity | $2,070,000 | $2,070,000 |
| Issued and Distributable shares | 58,000 | 66,120 |
| Book Value Per Share | $35.690 | $31.307 |
| Shares Owned | 700 | 798 |
| Total Book Value of Shares | $24,983 | $24,983 |
Issued and Distributable shares = 58,000 *114% = 66,120
Shares Owned = 700 * 114% = 798
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