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A firm has current assets that can be sold for their book value of $ 1 0 million. The firm has a book value of
A firm has current assets that can be sold for their book value of $ million. The firm has a book value of longterm assets of $ million but expects that they could sell their assets on the market for $ million. Additionally, the firm has $ million of debt on its books, but, given a decrease in interest rates, the firm estimates that the market value of this debt is $ million. If the firm has million shares outstanding, then what is the intrinsic value of one share of the firms stock
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