Question
Lo Corp. has an enterprise value of $8,000,000, long term debt of $2,000,000, and an under-funded pension obligation of $1,800,000. If Lo has 60,000 shares
Lo Corp. has an enterprise value of $8,000,000, long term debt of $2,000,000, and an under-funded
pension obligation of $1,800,000.
If Lo has 60,000 shares outstanding (and no shares under option),
please compute Lo's intrinsic value per common share
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Corporate Finance
Authors: Jonathan Berk and Peter DeMarzo
3rd edition
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