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Analysts have estimated the following for Televis Inc. : Firm value = $858 millions Debt = $223 millions Cash and short-term securities = $68 milliions

Analysts have estimated the following for Televis Inc. :

  • Firm value = $858 millions
  • Debt = $223 millions
  • Cash and short-term securities = $68 milliions
  • Number of shares outstanding = 23 millions

Based on the above estimate, what should be the share price of Televis Inc.?

Round the answer to two decimals. Do not put comma or $ in your answer.

Stock price = $_________

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