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Based on the corporate valuation model, Morgan Incs total corporate value is $450 million. The balance sheet shows $90 million of notes payable, $30 million

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Based on the corporate valuation model, Morgan Incs total corporate value is $450 million. The balance sheet shows $90 million of notes payable, $30 million of long-term debt. $40 million of preferred stock, and $100 million of common equity. The company has 10 million shares of stock outstanding. What is the best estimate of the stock's price per share? $29.00

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