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Let's imagine two companies, A and B, that exist in M&M's perfect capital market. Company A has no debt (unlevered) with 4 million shares outstanding

Let's imagine two companies, A and B, that exist in M&M's perfect capital market. Company A has no debt (unlevered) with 4 million shares outstanding that trade at a price of 25. Company B has 10 million shares outstanding and $36 million in debt.

Assuming the two companies have identical assets and cash flows, what is the share price of company B?

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