Henderson industries has $500 million of common equity on its balance sheet; its stock price is $60 per share; and its market value added (mva) is $130 million. how many common shares are currently outstanding?

Calculation of number of common shares currently outstanding:

It is given that Henderson industries has $500 million of common equity on its balance sheet; its stock price is $60 per share; and its market value added (mva) is $130 million.

We can use MVA formula to calculate the number of common shares currently outstanding as follows:

MVA = (Total Shares Outstanding × Current Market Price) − Total Common Equity

130,000,000 = (Total Shares Outstanding x 60)-500,000,000

(Total Shares Outstanding x 60)= 130,000,000 + 500,000,000

Total Shares Outstanding x 60= 630,000,000

Hence,

Total Shares Outstanding = 630,000,000 /60 = 10,500,000

Hence, the number of common shares currently outstanding are 10,500,000 shares.

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