Multiple Choice
Transpipe owns 47% ownership stake in BP. Cameo owns a 29% stake in the BP. Suppose Transpipe sells 62.5% of its stake for $47 Million. If Comeo uses that transaction as the basis for calculating the value of its own 29% position, what value will Cameo obtain?
A) $18.1 Million
B) $46.4 Million
C) $16 Million
D) $47 Million
E) $29 Million
Correct Answer:
Verified
Correct Answer:
Verified
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