Question: 28. Chapter MC, Section 09, Problem 078 Based on the corporate valuation model, Morgan Inc.'s total corporate value is $200 million. The balance sheet shows

28. Chapter MC, Section 09, Problem 078 Based on the corporate valuation model, Morgan Inc.'s total corporate value is $200 million. The balance sheet shows $90 million of notes payable, $30 million long-term debt, $40 million of preferred stock, and $100 million of common equity. The company has 10 million shares of stock outstanding. What is the best estimate of the stock's price per share? On $3.36 Ob. $3.50 Oc. $4.12 Od. $3.50 Oe. $4.00

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