Canadian Securities Course (CSC) Practice Exam · Question
A Canadian investment advisor is evaluating 'Sustainable Energy Corp.' for a client's growth portfolio. The company's most recent balance sheet shows total assets of CAD 50 million, total liabilities of CAD 20 million, and 10 million common shares outstanding. The stock is currently trading at CAD 6.00 per share. What is Sustainable Energy Corp.'s book value per share?
Book value per share is calculated as (Total Assets - Total Liabilities) / Shares Outstanding. In this case, (CAD 50M - CAD 20M) / 10M shares = CAD 30M / 10M sh
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Question: A Canadian investment advisor is evaluating 'Sustainable Energy Corp.' for a client's growth portfolio. The company's most recent balance sheet shows total assets of CAD 50 million, total liabilities of CAD 20 million, and 10 million common shares outstanding. The stock is currently trading at CAD 6.00 per share. What is Sustainable Energy Corp.'s book value per share?
Answer options:
- CAD 2.00
- CAD 3.00 ✅ CAD 5.00
- CAD 6.00
Correct answer: CAD 5.00
Explanation: Book value per share is calculated as (Total Assets - Total Liabilities) / Shares Outstanding. In this case, (CAD 50M - CAD 20M) / 10M shares = CAD 30M / 10M shares = CAD 3.00 per share.
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