|
Title: If CCM has $150 million of debt and 12 million shares of stock outstanding, then the share price for ... Post by: johnpaech on Nov 19, 2017 If CCM has $150 million of debt and 12 million shares of stock outstanding, then the share price for CCM is closest to:
A) $49.50 B) $11.25 C) $20.50 D) $22.75 Title: Re: If CCM has $150 million of debt and 12 million shares of stock outstanding, then the share price ... Post by: deusmaroto on Nov 19, 2017 C
Explanation: C) V0 = + + ... + + V0 = + + + + = 395.58 million or 396 million. Equity value = $396 - $150 (debt) = $246 million/12 million shares = $20.50 |