Hayes Corporation has $300 million of common equity,with 6 million shares of common stock outstanding.If Hayes' Market Value Added (MVA)is $172 million,what is the company's stock price? (Round your final answer to two decimal places. )

Question

Quizplus · Accepted Answer

The stock price is calculated by adding the Market Value Added (MVA) to the common equity and then dividing by the number of shares. So, ($300 million + $172 million) / 6 million shares = $78.67 per share.

Hayes Corporation Has $300 Million of Common Equity,with 6 Million