Based on the corporate valuation model, Gray Entertainment's total corporate value is $1,475 million. The company's...

 

 

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Based on the corporate valuation model, Gray Entertainment's total corporate value is $1,475 million. The company's balance sheet shows $160 million of notes payable, $320 million of long-term debt, $50 million of preferred stock, $180 million of retained earnings, and $800 million of total common equity. If the company has 25 million shares of stock outstanding, what is the best estimate of its price per share? Based on the corporate valuation model, Gray Entertainment's total corporate value is $1,475 million. The company's balance sheet shows $160 million of notes payable, $320 million of long-term debt, $50 million of preferred stock, $180 million of retained earnings, and $800 million of total common equity. If the company has 25 million shares of stock outstanding, what is the best estimate of its price per share?

Answer rating: 100% (QA)

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