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Hayes corporation has $300 million of common equity, with 6 million shares of common stock outstanding. if hayes' market value added (mva) is $130 million, what is the company's stock price? (round your final answer to two decimal places.)

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Answer:

Hayes corporation´s stock price is:

Common equitity: $300,000,000

Common shares outstanding: 6,000,000 shares

Market value added (MVA): $130,000,000

Computation:

MVA= (Number of shares * stock price) - Book value of equity

$130,000,000= (6,ooo,ooo shares *Stock price) - $300,000,000

Stock price: 71.6

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