Question: Based on the corporate valuation model, the total corporate value of Chen Un Inc. is $500 million. Its balance sheet shows $110 million in notes

Based on the corporate valuation model, the total corporate value of Chen Un Inc. is $500 million. Its balance sheet shows $110 million in notes payable, $90 milition in leng-term debt, 320 miltion in preferred stock, 3140 million in retained earnings, and $280 million in total common equity. If the company has 15 milition shares of stock outstanding, what is the best estimate of its stock price per shace? a. 59.33 b. $18.67 c. $26.00 d. 520.00 8. $22.67

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