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2 . A company had $ 7 0 0 million of EBITDA for the year just completed. It has 1 5 0 million shares outstanding

2. A company had $700 million of EBITDA for the year just completed. It has 150 million shares outstanding with a current market price of $20/share, and net debt of $2.5 billion. If a prospective acquirer offered to buy the company at a 8.5 times multiple of EBITDA, how much of a premium would that represent per share?

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