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How many shares does the firm have outstanding

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Problem 1: A firm has an enterprise value of $15 million and debt totalling $6 million. The latest balance sheet of the firm reports assets worth $12 million. If the share price is $3.00, how many shares does the firm have outstanding?

Option 1: 2 million
Option 2: 3 million
Option 3: 4 million
Option 4: 5 million

Reference no: EM132930780

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