Unformatted text preview: F. Yes you can determine the fair market value since you have all the information given to determine the book value per share. A fair market value is calculated by what it would go for on an open market and since the shares were originally $16 per share and now how a book value double that you can see that the value on an open market would be around $32 per share. Although those prices would depend day to day as to how the market is doing....
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- Spring '10
- Accounting, fair market value, Jason Wilcox, D. Legal Capital