What will the stock price per share be

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Question: A firm has a market value equal to its book value. Currently, the firm has excess cash of $11, 500 and other assets of $28, 500. Equity Is worth $40,000. The firm has 950 shares of stock outstanding and net Income of $3, 800. What will the stock price per share be If the firm pays out Its excess cash as a cash dividend?

Reference no: EM131975434

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