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1 August, 23:53

Henderson industries has $500 million of common equity on its balance sheet; its stock price is $60 per share; and its market value added (mva) is $130 million. how many common shares are currently outstanding?

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  1. 2 August, 02:45
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    To identify how many shares of the company’s stock are currently outstanding, the solution follows below;

    MVA = PO x Number of Common Shares - BV of equity

    130 = 60x - 500

    X = 10500 common shares

    The shares of the company stock are currently 10,500,000.
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