A firm has a market value equal to its book value. Currently, the firm has excess...

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $3,000 and other assets of $26,000.

business finance

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Answer 1

Answer #1

A. $40

Stock price per share = ($29,000 - $3,000) / 650

Stock price per share = $40

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Answer 2

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