Homework Answers
Answer: Given: Common shares = $500 Million, Stock price (P0) = $40, MVA = $50 Million
MVA = (P0 * Number of common shares outstanding) - Book Value
50000000 = (40 * X) - 500000000
X = 13750000 common shares outstanding
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eBook Harper Industries has $700 million of common equity on its balance sheet; its stock price...
eBook Harper Industries has $700 million of common equity on its balance sheet; its stock price is $64 per share; and its market value added (MVA) is $80 million. How many common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,00o. Round your answer to the nearest whole number, if necessary. common shares
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eBook Harper Industries has $700 million of common equity on its balance sheet; its stock price is $64 per share; and its market value added (MVA) is $80 million. How many common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,00o. Round your answer to the nearest whole number, if necessary. common shares
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