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5 Minion Pic is a publicly traded company with 10 million shares. It has 3 million options with an exercise price of 2 (valued at 50p per option) and another 4 million options with an exercise price of 3 (valued at 20p per option). An analyst has valued the equity of the company at 23 million. The current stock price is 270p a Estimate the value per share using the treasury approach and the option value approach (3 marks) b. Which of the two valuations do you prefer and why? (2 marks) 5 Minion Pic is a publicly traded company with 10 million shares. It has 3 million options with an exercise price of 2 (valued at 50p per option) and another 4 million options with an exercise price of 3 (valued at 20p per option). An analyst has valued the equity of the company at 23 million. The current stock price is 270p a Estimate the value per share using the treasury approach and the option value approach (3 marks) b. Which of the two valuations do you prefer and why? (2 marks)