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AMC Corporation currently has an enterprise value (EV) of $350 million and $100 million in excess cash. The firm has 15 million shares outstanding and

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AMC Corporation currently has an enterprise value (EV) of $350 million and $100 million in excess cash. The firm has 15 million shares outstanding and no debt Suppose AMC uses its excess cash to repurchase shares. After the share repurchase, news will come out that will change AMC's enterprise value to either $550 million or $150 million. Suppose AMC waits until after the news comes out to do the share repurchase. What is AMC's share price after the repurchase if its enterprise value goes up? What is AMC's share price after the repurchase if its enterprise value declines? The share price after the repurchase if its enterprise value goes up is $L (Round to two decimal places. The share price after the repurchase if its enterprise value declines is s (Round to two decimal places)

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