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The following data apply to Garber Industries, Inc. (GII): Value of operations $1,000 Short-term investments $100 Debt $300 Number of shares 100 The company plans
The following data apply to Garber Industries, Inc. (GII): Value of operations $1,000 Short-term investments $100 Debt $300 Number of shares 100 The company plans on distributing $50 million as dividend payments. What will the intrinsic per share stock price be immediately after the distribution? a. $6.65 b. $7.72 c. $7.00 d. $7.35 e. $6.32
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