Jackson Industries has $150 million of common equity on its balance sheet; its stock price...
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Finance
Jackson Industries has $150 million of common equity on its balance sheet; its stock price is $13.33 per share; and its market value added (MVA) is $8.3 million. How many common shares are currently outstanding? (Round your answer to the nearest whole share) Use the following formula to solve for the number of common shares: MVA =(P Number of common shares ) - Book Value of common equity
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