Say share price currently 50 per share 1 million shares, Financial Management

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Say share price currently 50 per share 1 million shares

Say share price currently $50 per share, 1 million shares outstanding. The firm issues a press release indicating that the firm has accepted a project with NPV=$3.6 million. Assume that investors agree with the firm’s estimate of the project NPV. Find the new stock price after press release.

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Financial Management: Say share price currently 50 per share 1 million shares

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