Byrd Lumber has 2 million shares of common stock outstanding that sell for $17 a share.If the company has $37 million of common equity on its balance sheet,what is the company's Market Value Added (MVA) ? Answer options are provided in whole dollar.
A) -3,000,000
B) -2,250,000
C) -3,750,000
D) -2,700,000
E) -3,150,000
Correct Answer:
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