Based on the Corporate Valuation Model,the Total Corporate Value of Chen

question 72

Multiple Choice

Based on the corporate valuation model,the total corporate value of Chen Lin Inc.is $900 million.Its balance sheet shows $110 million in notes payable,$90 million in long-term debt,$20 million in preferred stock,$140 million in retained earnings,and $280 million in total common equity.If the company has 25 million shares of stock outstanding,what is the best estimate of its stock price per share?

• A)$22.03
• B)$24.48
• C)$27.20
• D)$29.92
• E)$32.91

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Definitions:

Supportive Grandparents

Older adults who provide emotional, informational, and sometimes financial support to their grandchildren.

Authority Figures

Persons or entities that hold power or control within various structures, including families, schools, workplaces, and governments, often respected or obeyed by others.

Living-with Grandparents

Describes a family living arrangement in which children reside with one or more of their grandparents, often in a multigenerational household.

Childcare Responsibilities

The duties and tasks involved in the raising, caring for, and supervising of children, typically undertaken by parents, guardians, or caregivers.