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Corporation A currently has an enterprise value of $411,273,594 and $117,406,613 in excess cash. The firm has 10,329,245 shares outstanding and no debt. Suppose the
Corporation A currently has an enterprise value of $411,273,594 and $117,406,613 in excess cash. The firm has 10,329,245 shares outstanding and no debt. Suppose the firm uses its excess cash to repurchase shares. After the share repurchase, news will come out that will change AMCs enterprise value to either $564,756,697 or $276,764,097 What is the firm's share price prior to the share repurchase?
NOTE: Submit your answers with 4 decimals after the dot. Do not include the "$" sign
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