Question
Panda Products is evaluating whether it should make an offer for Orman Industries. Panda estimates the value of Orman at $250 million. Orman has debt
Panda Products is evaluating whether it should make an offer for Orman Industries. Panda estimates the value of Orman at $250 million. Orman has debt of 25 million, preferred stock of $15 million, and outstanding common shares of 30 million. Based on this information, what is the value per common share?
| A. $7.00 |
| B. $7.50 |
| C. $7.83 |
| D. $8.33 |
| E. None of the above |
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Recent Advances In Computational Finance
Authors: Nikolaos S. Thomaidis, Jr. Dash, Gordon H.
1st Edition
1626181233, 978-1626181236
