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Apple and Microsoft have identical assets and resulting cash flows in...

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Accounting

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Apple and Microsoft have identical assets and resulting cash flows in the future, Apple has only equity, with 1 million shares outstanding that trade for a price of 524 per share. Microsoft has $8.51 million in debt at an interest rate of 5% and has 3.5 million shares outstanding. Use M\&M Proposition I \& 2 to find the stock price (per share) for Microsoft. input your answer as a dollar amount and round to the nearest cent

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