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8 April, 16:01

Hayes Corporation has $300 million of common equity on its balance sheet and 6 million shares of common stock outstanding. The company's Market Value Added (MVA) is $162 million. What is the company's stock price?

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  1. 8 April, 16:41
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    Answer: $77

    Explanation:

    Given the following;

    Total Book value of common equity = $300,000,000

    Total outstanding shares = 6,000,000

    Market Value Added (MVA) = $162,000,000

    Stock price = (Market value of equity + Total Book value of equity) : Number of outstanding shares

    Stock price = ($162,000,000 + $300,000,000) : 6,000,000

    Stock price = $462,000,000 : 6,000,000

    Stock price = $77

    Company's stock price is $77
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