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Question 13 4 pts 13. The market value of Cali Co. debt is $12 million and the market value of the company's preferred stock is

Question 13 4 pts 13. The market value of Cali Co. debt is $12 million and the market value of the company's preferred stock is $6 million. Your estimate of the total corporate value of Cali Co. is $76 million. If there are 2,320,000 shares outstanding, what is your estimate of the intrinsic value per share of Cali Co.'s common stock? a. $18.14 b. $23.50 c. $25.00 d. $40.52 e. $48.71

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