Bavarian Sausage's enterprise value is $75,000,000,the market value of its debt is $23,000,000 and the company does not have any preferred stock outstanding.If the company has 3,500,000 shares outstanding,what should be Bavarian Sausage's stock price?
A) $21.43
B) $14.86
C) $28.00
D) $6.57
Correct Answer:
Verified
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