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Calculate what the likely price per share would be if Yahoo! Inc. announced that it would sell their entire stakes in Alibaba Group (at the

Calculate what the likely price per share would be if Yahoo! Inc. announced that it would sell their entire stakes in Alibaba Group (at the same price it sold the 523 million shares) and Yahoo Japan at $3.2365/share and distribute the proceeds as a special cash dividend. Assume that 1/3 of the proceeds from both sales are ordinary gains subject to the statutory tax rate of 35% when you perform your calculations. Is the stock "cheap" at $19.60/share? Is the stock "cheap" at $24.69/share

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