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Suppose a Companys value of operations is equal to $900 million after a recapitalization (the firm had no debt before the recapitalization). It raised $300

Suppose a Companys value of operations is equal to $900 million after a recapitalization (the firm had no debt before the recapitalization). It raised $300 million in new debt and used this debt to buy back stock. The Company 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 is P (the stock price after the recap)?

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