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The founder of alchemy products determined a way to turn lead into gold and patented this new technology. He then formed a corporation and invested 1,200,000 in setting up a production plant. He believes he could sell his patent for 48 million. What are the book value and market value of the firm, and 2) if there are 2 million shares of stock in the new corporation what would be the price per share and the book value per share.

Financial Management, Finance

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