Question 28

Based on the free cash flow valuation model, the value of Weidner Co.'s operations is $1,100 million. The company has excess short-term marketable securities of $150 million and market value of debt of $320 million. If Weidner has 25 million shares of stock outstanding, what is the best estimate of the stock's price per share?

Group of answer choices

$37.20

$30.43

$50.80

$31.20