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You believe the market value of a firm's operating assets is $500 million. It has $30 million excess cash on its balance sheet. The firm's

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You believe the market value of a firm's operating assets is $500 million. It has $30 million excess cash on its balance sheet. The firm's total outstanding debt (bonds) is $125 million. The firm has 3.3 million shares outstanding. What is your estimate for the firm's stock price? Pick the closest answer. $20 $40 $60 $80 $100 $120

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