Answer:
$28.4 per share
Explanation:
The computation of the stock's price per share is shown below:-
Total value of equity = Value of operation + value of short-term investments that are unrelated to operations - notes payable - short term debt - preferred stock
= $900 million + $30 million - $110 - $90 million - $20 million
= $710
Total shares outstanding = 25 million
Best estimated stock price per share = Total value of equity ÷ Total shares outstanding
= 710 ÷ 25
= $28.4 per share