Problem:
Blow Glass Corporation has 100,000 shares of stock outstanding, each with a par value of $2.50 per share. Blow Glass also has another 400,000 shares of stock that are shelf registered. Blow Glass has retained earnings of $9,000,000 and additional paid-in capital of $1,000,000.
Required:
Question: What is Blow Glass's book value per share?
- $90.00
- $100.00
- $27.50
- $102.50
- $92.50
Note: Provide support for your underlying principle.