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Cullumber Political Consultants management has decided to discontinue all of the firm's business operations. The firm has total debt of $5.80 million, and the liquidation
Cullumber Political Consultants management has decided to discontinue all of the firm's business operations. The firm has total debt of $5.80 million, and the liquidation value of its assets is $10.00 million. If the book value of the firm's equity is $5.00 million, then what will be the amount of the liquidating dividend when the firm liquidates all of its assets? (Round answer to 2 decimal places, e.g. 15.25.)
Dividend to shareholders | $enter the dividend to shareholders in millions of dollars rounded to 2 decimal places | million |
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