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The following data apply to Elizabeth's Electrical Equipment: Value of operations $20,000,000 Short-term investments $1,000,000 Debt $6,000,000 Number of shares 300,000 The company plans on
The following data apply to Elizabeth's Electrical Equipment: Value of operations $20,000,000 Short-term investments $1,000,000 Debt $6,000,000 Number of shares 300,000 The company plans on distributing $1 million by repurchasing stock. What will the intrinsic per share stock price be immediately after the repurchase? $47.50 $50.00 $52.50 $55.13 O $57.88
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