Raphael Corporation common stock is currently selling on a stock exchange at $85 per share,...
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Accounting
Raphael Corporation common stock is currently selling on a stock exchange at $85 per share, and it's current balance sheet shows the following stockholders equity section: Preferred stock-5% cumulative, $____ par value, 1,000 shares authorized, issued, and outstanding $50,00 Common stock -$___par value, 4,000 shares authorized,issued, and outstanding 80,000 Retained earnings 150,000 Total stockholders equity $280,000
What is the current market value price of this corporation common stock
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