Stock price after recapilillizatien

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Stock Price after Recapilillizatien Lee Manufacturing's value of operations is equal to $900 million after a recapitalization. (The ?rm had no debt before the recap.) Lee raised $300 million in newI debt and used this to buy back stock. Lee had no short-term investments before or alter the recap. After the recap, wd = US. The ?rm had 36 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. $

Reference no: EM133060957

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