Question: Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $600 million. Its balance sheet shows $130 million in notes

Based on the corporate valuation model, the total corporate value of

Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $600 million. Its balance sheet shows $130 million in notes payable, $110 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 15 million shares of stock outstanding, what is the best estimate of its stock price per share? a. $13.33 b. $22.67 c. $31.33 d. $24.00 e. $25.33

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