Question
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 $27.9
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 $27.9 million, and the company has $7.6 million in debt outstanding. If Ward's Shoes has 7 million shares outstanding, what is a fair price of a share of stock in the company?
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
