Question: Please show step by step solutions and answer. Thanks! The following data apply to Grullon-Ikenberry Inc. (GII): (in millions) The company plans on distributing $100

Please show step by step solutions and answer. Thanks!

The following data apply to Grullon-Ikenberry Inc. (GII): (in millions) The company plans on distributing $100 million as dividend payments. What will the intrinsic per share stock price be immediately after the distribution

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