The following data apply to Garber Industries, Inc. (GII):
Value of operations
$1,000
Short-term investments
$100
Debt
$300
Number of shares
100
The company plans on distributing $50 million as dividend payments. What will the intrinsic per share stock price be immediately after the distribution? a. $6.32b. $6.65c. $7.00d. $7.35e. $7.72
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