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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 $126 million, what is the company’s stock price?
a. $71.00.
b. $65.32.
c. $80.23.
d. $60.35.
e. $66.74.

Sagot :

Parrain

The company's stock price is a. $71.00

The Market Value Added shows how much the value of the common stock has increased over the par value.

To find the stock price of Hayes Corporation, the following formula should be used:

= (Value of equity + MVA) / Number of shares

= (300 million + 126 million) / 6

= 426 / 6

= $71.00

In conclusion, the company's stock price is $71.00.

Find out more at https://brainly.com/question/13527856.

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