In: Finance
Estelle Corporation owns assets worth $ 6.00 billion. For each of the next two years, asset values will either go up by $42% or go down by $33%. The risk-free interest rate is 3.0%. Estelle has a debt of $ 7.00 billion maturing in 2 years. Compute the price of 1 share of Estelle, given it has 200 million shares outstanding.