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The Following Data Apply to Garber Industries,Inc $1,000 \$ 1,000

question 28

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The following data apply to Garber Industries,Inc.(GII) : Value of operations               $1,000 \$ 1,000
Short-term investments             $100 \$ 100
Debt                         $300 \$ 300
Number of shares                 100 100
The company plans on distributing $50 million as dividend payments.What will the intrinsic per share stock price be immediately after the distribution?

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