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1 6 - 5 . Lee Manufacturing's value of operations is equal to $ 9 0 0 million after a recapitalization. ( The firm had
Lee Manufacturing's value of operations is equal to $ million after a recapitalization. The firm had no debt before the recap. Lee raised $ million in new debt and used this to buy back stock. Lee had no shortterm investments before or after the recap. After the recap, The firm had million shares before the recap. What is the stock price after the recap
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