question archive The value of a company’s operations is RM850 million
The value of a company’s operations is RM850 million
Subject:FinancePrice: Bought3
The value of a company’s operations is RM850 million. The company’s balance sheet shows RM250 million in short-term investments that are unrelated to operations. The balance sheet also shows RM80 million in accounts payable, RM90 million in notes payable, RM 60 million in long-term debt, RM50 million in preferred stock, and RM300 million in total common equity. If the company has 30 million shares of stock, what is your best estimate for the stock price per share?
