After the dividend-total market value of the firm equity

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The total market value of the common stock of The ABC Inc. is $670,000. The market price per share is $38. Assume the firm pays a cash dividend with a total value of $42,000. Ignore taxes. After the dividend, the total market value of the firm's equity will be _____ and the price per share will be _____. $628,000; $35.62 $628,000; $38.00 $670,000; $34.78 $670,000; $35.62 $670,000; $38.00

Reference no: EM13944542

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