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1 5 . 2 1 White Lotus Ltd currently has 3 0 , 0 0 0 shares outstanding. Each share has a market value of

15.21 White Lotus Ltd currently has 30,000 shares outstanding. Each share has a market value of $20. If the company pays $5 per share in dividends, what will the value of each share be worth after the dividend payment? Ignore tax.

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