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Consolidated Metal Manufacturing Inc. has $200 (million) in short term investments. The company intends to distribute this money as a dividend to owners of 100
Consolidated Metal Manufacturing Inc. has $200 (million) in short term investments. The company intends to distribute this money as a dividend to owners of 100 (million) shares. The value of operations is $2,000 and the firm has $300 in debt. What is the new stock price immediately after the distribution? (Assume no taxes or other market frictions.) Enter your answer in dollars, rounded to the nearest penny
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