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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
The shares of Binford Inc. trade openly on the TSX Binford holds only two assets: A stake of: Tim the tool man Taylors hardware, and of Jills Consulting Group. The market value of Binford Inc. is $ million and the value of Tim Taylors hardware also a public company is $ 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 of Tims Hardware. But now assume Binfords investment only represents of Jills Consulting. What is the NEW market value of Jills Consulting?
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