Question
Use the following data for Tremont Corp. to determine intrinsic value per share of stock after making a dividend payment. Value of operations $75,000 Short-term
Use the following data for Tremont Corp. to determine intrinsic value per share of stock after making a dividend payment.
Value of operations
$75,000
Short-term investments
$5,000
Debt
$30,000
Number of shares
500
The company distributes $5,000 as dividend payments. What will the intrinsic per share stock price be immediately after the distribution?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
