Question
Based on the FCF valuation model, the value of Flagstaff Inc.'s operations is $500 million. The company's balance sheet shows $50 million in short-term investments,
Based on the FCF valuation model, the value of Flagstaff Inc.'s operations is $500 million. The company's balance sheet shows $50 million in short-term investments, $50 million in notes payable, $50 million in long-term debt, and $5 million in preferred stock. If it has 50 million shares of stock outstanding, what is the best estimate of the stock's price per share?
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
