1) (33 points) A company is all-equity financed and has a market value of $600,000. There are 50,000 shares of stock outstanding. a) The company has declared a dividend of $0.60 per share. Ignoring any tax effects, what is the price of stock before and after the dividend payment? b) Now, suppose that the company will buy $30,000 worth of stock instead of paying dividend. What will be the price per share after the repurchase? c) What will be the price per share if the stock splits 2 for 3? 1) (33 points) A company is all-equity financed and has a market value of $600,000. There are 50,000 shares of stock outstanding. a) The company has declared a dividend of $0.60 per share. Ignoring any tax effects, what is the price of stock before and after the dividend payment? b) Now, suppose that the company will buy $30,000 worth of stock instead of paying dividend. What will be the price per share after the repurchase? c) What will be the price per share if the stock splits 2 for 3