Question
Henderson Industries has $700 million of common equity; its stock price is $80 per share; and its Market Value Added (MVA) is $200 million. How
Henderson Industries has $700 million of common equity; its stock price is $80 per share; and its Market Value Added (MVA) is $200 million. How many common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,000. Round your answer to the nearest whole, if necessary.
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
