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The following data apply to Hill's Hiking Equipment:


Value of operations $20,000
Short-term investments $1,000
Debt $6,000
Number of shares 300


The company plans on distributing $50 million by repurchasing stock. What will the intrinsic per share stock price be immediately after the repurchase?

 

Accounting Basics, Accounting

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  • Reference No.:- M942728

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