Romesh took over stock at , which is less than its book value. The book value of the stock was _________
- A
- B
- C
- D
Solution & Step-by-step Explanation
Let the book value of the stock be .According to the problem statement, Romesh took over the stock at less than its book value:
So, the book value of the stock was .
So, the book value of the stock was .