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Based on the corporate valuation model, Entertainment's total corporate value is $1,500 million. The companys balance sheet shows $120 million of notes payable, $300 million
Based on the corporate valuation model, Entertainment's total corporate value is $1,500 million. The companys balance sheet shows $120 million of notes payable, $300 million of long-term debt, $50 million of preferred stock, $180 million of retained earnings, and $800 million of total common equity. If the company has 30 million shares of stock outstanding, what is the best estimate of its price per share? $32.27 $40.17 $34.33 $42.57 $30.56
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