Question
XBros Industries has no cash and a debt obligation of $39,01 million that is now due. The market value of XBros's assets is $69,26 million,
XBros Industries has no cash and a debt obligation of $39,01 million that is now due. The market value of XBros's assets is $69,26 million, and the firm has no other liabilities. Assume perfect capital markets; suppose XBros has $11 million shares outstanding. What is XBros's current share price?
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Venture Capital And The Finance Of Innovation
Authors: Andrew Metrick
1st Edition
0470074280, 9780470074282
