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Nobio Inc. ' s enterprise value is $ 9 million. Nobio has debt outstanding in the form of 1 , 0 0 0 bonds currently

Nobio Inc.

'

s enterprise value is $

9

million. Nobio has debt outstanding in the form of

1, 000

bonds currently priced at $

1, 012

each. Nobio also has excess cash of $

2

million on the balance sheet. If Nobio has

209, 402

shares outstanding, what is the estimated price per share?

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