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Hayes Corporation has $210 million of common equity on its balance sheet and 6,000,000 shares of common stock outstanding. The company's Market Value Added
Hayes Corporation has $210 million of common equity on its balance sheet and 6,000,000 shares of common stock outstanding. The company's Market Value Added (MVA) is $117 million. What is the company's stock price? (Answers are in $ millions.) You are given the following information: Stockholders' equity = $397 million; price/earnings ratio = 46; shares outstanding = 11,020,000; and market/book ratio -4.19. Calculate the market price of a share of the company's stock..
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SOLUTION To calculate the stock price we need to divide the market value of the equity which is equa...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
14th edition
1285867971, 978-1305480742, 1305480740, 978-0357686393, 978-1285867977
