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Show work please Jay's Oil has assets with a market value of $600 million, $70 million of which are cash. It has debt of $250
Show work please 
Jay's Oil has assets with a market value of $600 million, $70 million of which are cash. It has debt of $250 million, and 20 million shares outstanding. Assume perfect capital markets. 31) Jay's Oil's current stock price is : 32) If Jay's Oil distributes the $70 million as a dividend, then its stock price after the dividend will be Step by Step Solution
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Principles Of Managerial Finance
Authors: Chad Zutter, Scott Smart
16th Global Edition
1292400641, 978-1292400648
