Answer: $77
Explanation:
Given the following;
Total Book value of common equity = $300,000,000
Total outstanding shares = 6,000,000
Market Value Added (MVA) = $162,000,000
Stock price =( Market value of equity + Total Book value of equity) ÷ Number of outstanding shares
Stock price = ($162,000,000 + $300,000,000) ÷ 6,000,000
Stock price = $462,000,000 ÷ 6,000,000
Stock price = $77
Company's stock price is $77
