1 of 36 (0 complete) This Question: 5 pts Natsam Corporation has $214 million of excess cash. The firm has no debt and 540 million shares outstanding with a current market price of $20 per share. Natsam's board has decided to pay out this cash as a one-time end. a. What is the ex-dividend price of a share in a perfect capital market? b. If the board instead decided to use the cash to do a one-time share repurchase, in a perfect capital market, what is the price of the shares once the repurchase is complete? c. In a perfect capital market, which policy in part (a) or (b) makes investors in the firm better off? a. What is the ex-dividend price of a share in a perfect capital market? The ex-dividend price is on a per share basis. (Round to the nearest cent.) b. If the board instead decided to use the cash to do a one-time share repurchase, in a perfect capital market, what is the price of the shares once the repurchase is complete? The price of the shares once the repurchase is complete is s per share. (Round to the nearest cent.) c. In a perfect capital market, which policy in part (a) or (b) makes investors in the firm better off? (Select the best choice below.) O A. Investors are better off with policy in part (a). B. Investors are better off with policy in part (b) OC. Investors are indifferent to either policy