Principles of Corporate Finance

(Barry) #1

Common Stock


Example - Mobil Book Value vs. Market Value (12/97)
Total Shares outstanding = 783.4 million


Net common equity (Book Value) 19,125


Treasury shares at cost -3,158


Currency adjustment - 821


Retained earnings 20,661


Additional paid in capital 1,549


Common Shares ($1 par) 894

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