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Based on the corporate valuation model, Morgan Inc.s total corporate value is $250 million. The balance sheet shows $90 million of notes payable, $30 million

Based on the corporate valuation model, Morgan Inc.s total corporate value is $250 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 stocks price per share?

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