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The following data apply to Garber Industries, Inc. (GII): (Value of operations ... $1,000) ; (Short-term investments ... $100) ; ( Debt ... $300) ;
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 instrinsic per share stock price be immediately after the distribution? a) $6.32 b) $6.65 c) $7.00 d) $7.35 e) $7.72
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