The following data apply to Garber Industries, Inc. (GII): Value of...
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The following data apply to Garber Industries, Inc. (GII):
Value of operations $1,000
Short-term investments $200
Debt $350
Number of shares 100
The company plans on distributing $200 as dividend payments. What will the intrinsic per share stock price be immediately after the distribution?
a. $7.35
b. $6.32
c. $6.40
d. $6.50
The following data apply to Garber Industries, Inc. (GII):
| Value of operations | $1,000 |
| Short-term investments | $200 |
| Debt | $350 |
| Number of shares | 100 |
The company plans on distributing $200 as dividend payments. What will the intrinsic per share stock price be immediately after the distribution?
| a. | $7.35 | |
| b. | $6.32 | |
| c. | $6.40 | |
| d. | $6.50 |
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