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Business, 21.08.2019 23:10 coreyscott1281

Lee manufacturing's value of operations is equal to $900 million after a recapitalization (the firm had no debt before the recap). lee raised $300 million in new debt and used this to buy back stock. lee had no short-term investments before or after the recap. after the recap, wd=1/3. the firm had 30 million shared before the recap. what is p (the stock prive after the recap)?

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