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  3. the following data apply to garber industries, inc

The following data apply to Garber Industries, Inc. (GII): Value of...

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Question

Accounting

  1. 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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