Over the years, McLaughlin Corporation's stockholders have provided 2.2 mil USD of capital. This capital was provided when new stocks were purchased and also management was allowed to retain some of the firm's earnings. The firm now has 2.20 million shares of common stock outstanding. The shares sell at a price of 34.5 USD per share. Calculate the value that McLaughlin's management added to stockholder wealth over the years.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Over the years, McLaughlin Corporation's stockholders have provided 2.2 mil USD of capital. This capital was provided when new stocks were purchased and also management was allowed to retain some of the firm's earnings. The firm now has 2.20 million shares of common stock outstanding. The shares sell at a price of 34.5 USD per share. Calculate the value that McLaughlin's management added to stockholder wealth over the years.

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