Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000 shares of treasury stock. At this point, EEI has $1,250,000 of assets. $270,000 liabilities, $400,000 of common stock, and $580,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. question: Determine the book value per share.

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