Solution-Shares of stock outstanding and net income

Shares of stock outstanding and net income

Reference no: EM131767498

A firm is 100% equity financed and has a market value equal to its book value. Currently, the firm has excess cash of $381 and other assets of $9596. The firm has 421 shares of stock outstanding and net income of $1,400.

What will the stock price per share be if the firm pays out its excess cash as a cash dividend? (Round answer to 2 decimals, do not remember intermediate calculations)

Reference no: EM131767498

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Shares of stock outstanding and net income

Reference no: EM131767498

Reference no: EM131767498

Questions Cloud

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Assured A++ Grade

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