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