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  3. #4 harper industries has $800 million of common eq

#4 Harper Industries has $800 million of common equity on its balance sheet; its stock...

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Finance

#4

Harper Industries has $800 million of common equity on its balance sheet; its stock price is $48 per share; and its market value added (MVA) is $70 million. How many common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,000. Round your answer to the nearest whole number, if necessary.

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