Blunderbluss Manufacturing's balance sheets report $280 million in total debt, $84 million in short-term investments, and $58 million in preferred stock. Blunderbluss has 10 million shares of common stock outstanding. A financial analyst estimated that Blunderbuss's value of operations is $830 million. What is the analyst's estimate of the intrinsic stock price per share? Round your answer to the nearest cent.
Blunderbluss Manufacturing's balance sheets report $280 million in total debt, $84 million in short-term investments, and $58 million in preferred stock. Blunderbluss has 10 million shares of common stock outstanding. A financial analyst estimated that Blunderbuss's value of operations is $830 million. What is the analyst's estimate of the intrinsic stock price per share? Round your answer to the nearest cent.
Chapter9: The Cost Of Capital
Section: Chapter Questions
Problem 7P
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Blunderbluss Manufacturing's balance sheets report $280 million in total debt, $84 million in short-term investments, and $58 million in
Round your answer to the nearest cent.
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