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Blunderbluss Manufacturing's balance sheets report $305 million in total debt, $64 million in short-term investments, and...

Blunderbluss Manufacturing's balance sheets report $305 million in total debt, $64 million in short-term investments, and $65 million in preferred stock. Blunderbluss has 5 million shares of common stock outstanding. A financial analyst estimated that Blunderbuss's value of operations is $850 million. What is the analyst's estimate of the intrinsic stock price per share? Round your answer to the nearest cent.

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jeff jeffy answered 5 months ago
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