What is the best estimate of its price per share

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Based on the corporate valuation model, Gay Entertainment's total corporate value is $1,200 million. The company 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?

Reference no: EM133122684

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