Cathey Corporation has $80 in short-term investments, $20 in shortterm debt, $140 in long-term debt, $30 in

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Cathey Corporation has $80 in short-term investments, $20 in shortterm debt, $140 in long-term debt, $30 in preferred stock, and 10 shares of common stock outstanding. Use the value of operations from the previous question to estimate the intrinsic common stock price per share.

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Intermediate Financial Management

ISBN: 9781337395083

13th Edition

Authors: Eugene F. Brigham, Phillip R. Daves

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