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P 11–7

19 August, 2015 - 14:52

The following is the shareholders’ equity section of the balance sheet of Tridon Construction Limited at December 31, 2016.

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Required:

  1. What is the stated value per common share? the book value per common share?
  2. On December 31, 2016 the Tridon Construction common shares traded at $24. Why is the market value different from the book value of commons shares?