Byrd Lumber Has 2 Million Shares of Stock Outstanding

question 66

Multiple Choice

Byrd Lumber has 2 million shares of stock outstanding. On the balance sheet the company has $40 million worth of common equity. The company's stock price is $15 a share. What is the company's Market Value Added (MVA) ?

• A) ($80 million)
• B) ($20 million)
• C) ($10 million)
• D) $20 million
• E) $80 million

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Definitions:

Rotor Bars

Conductive bars typically found in the rotor of an induction motor, which carry current to produce a magnetic field that interacts with the stator field.

Starting Torque

The torque an electric motor generates to start a load moving.

Selsyn Motors

Special motors that can be employed to provide angular feedback information or control the rotation of devices at a distance.

Voltage

The measure of electrical potential difference between two points in a circuit, driving current from places of high potential to low potential.