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Based on the corporate valuation model, Morgan Inc.'s total corporate value is $300 million. The balance sheet shows 690 million of notes payable, $30 million
Based on the corporate valuation model, Morgan Inc.'s total corporate value is $300 million. The balance sheet shows 690 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 2 $24.70 $14.00 $13.30 $12.64 $12.00
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