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You just completed your valuation of a company with 10 million shares outstanding. You valued its common shares at $10 each. You now realize you

You just completed your valuation of a company with 10 million shares outstanding. You valued its common shares at $10 each. You now realize you forgot to consider that there are 2 million management stock options. These options have an exercise price of $7 each.



At what price should you have valued the stock?

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