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Downeast Delivery has total assets of $1,000,000 on its balance sheet. The firm has $300,000 of long-term debt and $100,000 of current debt. They have
Downeast Delivery has total assets of $1,000,000 on its balance sheet. The firm has $300,000 of long-term debt and $100,000 of current debt. They have 2,000 shares outstanding and most recently paid a dividend of $2.68. If the Market Value Added is $200,000, what is the stock price?
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