he following information applies to the questions displayed below.] Raphael Corporation's common stock is currently selling on a stock exchange at $151 per share, and its current balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 50,000 Common stock-$___ par value, 4,000 shares authorized, issued, and outstanding 180,000 Retained earnings 350,000 Total stockholders' equity $ 580,000 Required: 1. What is the current market value (price) of this corporation's common stock?
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