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QUESTION 20 Lee Manufacturing's value of operations is equal to $900 million after a recapitalization (the firm had na debt before the recap) tee raised
QUESTION 20 Lee Manufacturing's value of operations is equal to $900 million after a recapitalization (the firm had na debt before the recap) tee raised $300 million in new debt and used this to buy back stock. Lee had no short-term investments before or after the recap. After the recap, wd = 1/3. The firm had 30 million shares before the recap. What the stock price per share after the recapi o 120 560 527 317 530
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