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Answer:
$22.5
Step-by-step explanation:
S = (1 –wd)*(Vop)
= (1 –1/3)*($900)
=(1-0.3333)*($900)
=(0.66666)*($900)
= $600 million.
P = [S + (D –D0)] / n0=
[$600 + ($300 –$0)]/40 = $22.5
Therefore the P stock price after the recap is $22.5
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