Question: 27. Chapter MC, Section 19, Problem 077 Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $500 million. Its

27. Chapter MC, Section 19, Problem 077 Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $500 million. Its balance sheet shows $110 million in notes payable, $90 million in long-term debt, $20 million in preferred stock, $140 million in retained earnings, and $280 million in total common equity. If the company has 25 million shares of stock outstanding, what is the best estimate of its stock price per share? On $11.54 Ob. $9.74 Oc. $9.18 Od. $11.95 O $11.20

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