Best estimate of price per share

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Based on the corporate valuation model, QQY Entertainment's total corporate value is $2,125 million. The company's balance sheet shows $250 million of notes payable, $500 million of long-term debt, $150 million of preferred stock, $380 million of retained earnings, and $950 million of total common equity. If the company has 50 million shares of stock outstanding, what is the best estimate of its price per share?

Reference no: EM133112681

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