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A company has the following balance sheet (market values): Assets Cash Operating Assets Liabilities + Equity 600 1000 Debt 400 Equity 1200 If the

A company has the following balance sheet (market values): Assets Cash Operating Assets Liabilities + Equity 600 1000 Debt 400 Equity 1200 If the firm has 240 shares outstanding, find its fair share price after it repurchases 380 worth of shares: (round your answer to the nearest 0.01)

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