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Use the Following Information to Answer the Question(s)below

Question 13

Multiple Choice

Use the following information to answer the question(s) below.
Wyatt Oil has assets with a market value of $600 million,$70 million of which are cash.It has debt of $250 million,and 20 million shares outstanding.Assume perfect capital markets.
-Wyatt Oil's current stock price is closest to:


A) $11.00.
B) $12.50.
C) $14.00.
D) $17.50.

Correct Answer:

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