The following data apply to Garber Industries, Inc. (GII):
Value of operations$1,000
Short-term investments$100
Debt$300
Number of shares100
The company plans on distributing $100 as dividend payments. What will the intrinsic per share stock price be immediately after the distribution?
A. $6.32
B. $6.65
C. $7.00
D. $7.35
E. $7.72
Answer: C
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