Use the Information for the Question(s)below

question 9

Multiple Choice

Use the information for the question(s) below.
Kinston Enterprises has no debt and a debt obligation of $47 million that is due now.The market value of Kinston's assets is $102 million,and the firm has no other liabilities.Assume that capital markets are perfect and that Kinston has 5 million shares outstanding.
-Kinston's current share price is closest to:

• A)$20.40.
• B)$9.40.
• C)$11.00.
• D)$10.00.

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Definitions:

Sanctions

Sanctions are rewards and punishments intended to ensure conformity to cultural guidelines.

Conformity

The adjustment of behavior, beliefs, and appearance to match those of the surrounding social group or societal norms.

Social Control

Mechanisms, strategies, and institutions society uses to enforce norms and laws, ensuring conformity and compliance among its members.

Human Genome

The complete set of nucleic acid sequences for humans, including all of its genes, encapsulating the biological information necessary for the construction and maintenance of a human being.