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1 . The shares of Binford Inc. trade openly on the TSX . Binford holds only two assets: A 6 5 % stake of: Tim

1. The shares of Binford Inc. trade openly on the TSX. Binford holds only two assets: A 65% stake of: Tim the tool man Taylors hardware, and 100% of Jills Consulting Group. The market value of Binford Inc. is $180 million and the value of Tim Taylors hardware (also a public company) is $130 Million.
A. What is the value of Jills Consulting Group?
B. Assume the dollar value of Binford Inc., Tims Hardware, and Jills Consulting (found in A) remain constant. In addition, Binford continues to own 65% of Tims Hardware. But now assume Binfords investment only represents 30% of Jills Consulting. What is the NEW market value of Jills Consulting?

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