Question: The equity section of the balance sheet for Lopez Digital Entertainment follows:
| Common stock, $0.80 par |
545,000 |
| Paid-in-capital surplus |
229,000 |
| Retained earnings |
649,000 |
1. How many shares has the company issued? Round your answer to the nearest whole. ____ shares issued
2. What is the book value per share? Round your answer to three decimal places. $ ____ per share
3. Suppose that Lopez Digital has made only one offering of common stock. At what price did it sell shares to the market? Round your answer to two decimal places. $ ____ per share