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An all-equity firm has 1000 shares outstanding and its stock price is currently $100. Suppose the manager of the company knows that the true value
An all-equity firm has 1000 shares outstanding and its stock price is currently $100. Suppose the manager of the company knows that the true value of the stock is $150. What is the true value of old shareholders if the firm issues 100 shares at market price and invests the proceeds in a zero NPV project
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
