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Bear Down Inc. has the following data: Value of operations: $19,000 Short-term investments; $1,000 Debt: $5,000 Number of Shares: 300 Bear Down will be distributing
Bear Down Inc. has the following data:
- Value of operations: $19,000
- Short-term investments; $1,000
- Debt: $5,000
- Number of Shares: 300
Bear Down will be distributing $1,000 by repurchasing stock. What will the intrinsic per share stock price be immediately after the repurchase?
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Public Finance
Authors: Harvey S Rosen, Ted Gayer
9th International Edition
0071267883, 9780071267885
