Bavarian Sausage's enterprise value is $75,000,000,the market value of its debt is $23,000,000 and the market value of its preferred stock is $5,000,000.If the company has 3,500,000 shares outstanding,what should be Bavarian Sausage's stock price?
A) $14.86
B) $21.43
C) $13.43
D) $6.57
Correct Answer:
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