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Apple and Microsoft have identical assets and resulting cash flows in the future. Apple has only equity, with 1 million shares outstanding that trade for
Apple and Microsoft have identical assets and resulting cash flows in the future. Apple has only equity, with 1 million shares outstanding that trade for a price of $29 per share. Microsoft has $5.59 million in debt at an interest rate of 5% and has 1.1 million shares outstanding. Use M&M Proposition I & 2 to find the stock price (per share) for Microsoft. Input your answer as a dollar amount and round to the nearest cent
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