n Problem 16-08 (Stock Price after Recapitalization) YE O Check My Work (5 remaining) eBook Stock Price after Recapitali

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N Problem 16 08 Stock Price After Recapitalization Ye O Check My Work 5 Remaining Ebook Stock Price After Recapitali 1 (35.36 KiB) Viewed 33 times

n Problem 16-08 (Stock Price after Recapitalization) YE O Check My Work (5 remaining) eBook Stock Price after Recapitalization Le 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, W - 1/3. The firm had 26 million shares before the recap. What is P (the stock price after the recap)? Do not round Intermediate calculations. Round your answer to the nearest cent. Check My Work (5 remaining) 0 kr