Question
The estimated value ofNeccoSubway Company's (NSC) operations (Vop)is $890 million. You also have the following information on NSC: Debt:$339 million Non-operating Assets: $107 million Outstanding
The estimated value ofNeccoSubway Company's (NSC) operations (Vop)is $890 million. You also have the following information on NSC:
- Debt:$339 million
- Non-operating Assets: $107 million
- Outstanding shares: 9.9 million
What isNSC'sestimatedshare price?
Your answer should be rounded to two decimal places, e.g., enter $12.45 as 12.45 (no $ signs and no commas please).
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
