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X Ch 07: End-of-Chapter Problems Corporate Valuation and Stock Valuation Back to Assignment Keep the Highest: /1 Attempts: 1. Problem 7-05 (Intrinsic Price per Share

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X Ch 07: End-of-Chapter Problems Corporate Valuation and Stock Valuation Back to Assignment Keep the Highest: /1 Attempts: 1. Problem 7-05 (Intrinsic Price per Share Based on FCFS) ook Intrinsic Price per Share Based on FC Fs Blunderbluss Manufacturing's balance sheets report $290 million in total debt, $79 million in short-term investments, and $57 million in preferred stock. Blunderbluss has 20 million shares of common stock outstanding. A financial analyst estimated that Blunderbuss's value of operations is $810 million. What is the analyst's estimate of the intrinsic stock price per share? Round your answer to the nearest cent

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