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2 May, 09:24

Hayes Corporation has $290 million of common equity on its balance sheet and 5,000,000 shares of common stock outstanding. The company's Market Value Added (MVA) is $165 million. What is the company's stock price?

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  1. 2 May, 12:52
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    Company's stock price is $455 million

    Explanation:

    MVA = Market Value of Shares - Book Value of Shareholders' Equity

    $165 million = Market Value of Shares - 290 million

    $165 million + 290 million = Market Value of Shares

    Market Value of Shares = 455 million

    Market Value of Shares = 455 million

    Market Value of Shares = 455 million

    Company's stock price = 455 million
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