the founder of alchemy products inc discovered a, Financial Accounting

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the founder of alchemy products inc discovered a

The founder of ALchemy Products, inc, discovered a way to turn lead onto gold and patented this new technology. He then formed a corporation and invested $200,000 in setting up a production plant. He believes that he could sell his patent for $50 million.

a. What are the book value and market value of the firm?
b. 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?

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