Find what stock price is closest to

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Problem 1: Shenzen Oil has assets with a market value of $600 million, $70 million of which is cash. It has debt of $250 million, and 20 million shares outstanding. Assuming perfect capital markets, its stock price is closest to:

A. $30.00

B. $17.00

C. $18.00

D. $17.50

Reference no: EM132757410

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