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The following data apply to Hill's Hiking Equipment: (in millions) Value of operations Short-term investments Debt Number of shares $40,000 $2,000 $12,000 300 1. The
The following data apply to Hill's Hiking Equipment: (in millions) Value of operations Short-term investments Debt Number of shares $40,000 $2,000 $12,000 300 1. The company plans on distributing $2000 million as dividend payments. What will the intrinsic per share stock price be immediately after the distribution? 2. Alternatively, the company plans on distributing $2,000 million by repurchasing stock. What will the intrinsic per share stock price be immediately after the repurchase? A. 1) $97.66 2)$110 B.1)$100.00 2) $93.33 C. 1 $88.88 2) $100 D. 1) $93.33 2) $100.00
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