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Company X has $800 million of common equity on its balance sheet; its stock price is 80$ per share and its MVA is $200 million. How many shares are currently outstanding? Answer in Millions (for example: 50,250,000 would be entered as 50.25).

Company X has $800 million of common equity on its balance sheet; its stock price is 80$ per share and its MVA is $200 million. How many shares are currently outstanding? Answer in Millions (for example: 50,250,000 would be entered as 50.25).

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Company X has $800 million of common equity on its balance sheet; its stock price is 80$ per share and its MVA is $200 million. How many shares are currently outstanding? Answer in Millions (for example: 50,250,000 would be entered as 50.25).
Transcribed Image Text:Company X has $800 million of common equity on its balance sheet; its stock price is 80$ per share and its MVA is $200 million. How many shares are currently outstanding? Answer in Millions (for example: 50,250,000 would be entered as 50.25).
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