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You've decided to use the enterprise valuation method to value a new company, Ward's Shoes. You've estimated that the value of their operation is $
You've decided to use the enterprise valuation method to value a new company, Ward's Shoes. You've estimated that the value of their operation is $ million, and the company has $ million in debt outstanding. If Ward's Shoes has million shares outstanding, what is a fair price of a share of stock in the company?
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
9781118800720, 1118492676, 1118800729, 978-1118492673
