The present value of JECK Co.'s expected free cash flow is $100 million. If JECK has $30 million in debt, 36 million in cash, and 2 milion shares outstanding, what is its share price?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Business Finance » The present value of JECK Co.'s expected free cash flow is $100 million. If JECK has $30 million in debt, $6 million in cash, and 2 million s...
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Bha
The present value of JECK Co.'s expected free cash flow is $100 million. If JECK has $30 million in debt, $6 million in cash, and 2 million shares outstanding, what is its
share price?
The company's share price is $
(Round to the nearest cent.)
Expert Solution
C
Transcribed Image Text: The present value of JECK Co.'s expected free cash flow is $100 million. If JECK has $30 million in debt, $6 million in cash, and 2 million shares
outstanding, what is its share price? The company's share price is $ (Round to the nearest cent.)
Transcribed Image Text:Business Finance » The present value of JECK Co.'s expected free cash flow is $100 million. If JECK has $30 million in debt, $6 million in cash, and 2 million s... Question Bha The present value of JECK Co.'s expected free cash flow is $100 million. If JECK has $30 million in debt, $6 million in cash, and 2 million shares outstanding, what is its share price? The company's share price is $ (Round to the nearest cent.) Expert Solution C Transcribed Image Text: The present value of JECK Co.'s expected free cash flow is $100 million. If JECK has $30 million in debt, $6 million in cash, and 2 million shares outstanding, what is its share price? The company's share price is $ (Round to the nearest cent.)
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