Question: provide full solution with explanation Based on the corporate valuation model, JFINEX Inc's value of operations is $1,200 million. The company's balance sheet shows $120

provide full solution with explanation Based on the corporate valuation model,

provide full solution with explanation

Based on the corporate valuation model, JFINEX Inc's value of operations is $1,200 million. The company's balance sheet shows $120 million of notes payable, $300 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 30 million shares of stock outstanding, what is the best estimate of its price per share

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