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21 o Score: 0 ofipl 70 260 complete) HW Score: 0% 0 of 26 pts P 17-7 (similar to) Question Help Natsam Corporation has $261

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21 o Score: 0 ofipl 70 260 complete) HW Score: 0% 0 of 26 pts P 17-7 (similar to) Question Help Natsam Corporation has $261 milion of excess cash The firm has no debit and 617 milion shoes outstanding with a current market price of $10 per share. Natsam's board has decided to pay out the cash as a one-time dividend a. What is the ex dividend price of a share in a perfect capital market? b. 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 shores once the purchase is completo c. In a perfect capital market, which policy in part(s) or (b) makes investors in the firm ber of a What is the ex dividend price of a share in a perfect capital market? The ex dividend price is on a pershare basis (Round to the nearest cent) Score: 0 of 1 pt 8 of 26 to complete HW Score: 0% 0 of 26 pts P 17-8 (similar to) Question Help Natsam Corporation has $214 million of excess cash The firm has no debit and 666 million shares outstanding with a curent market price of S14 per share Suppose the board decided to do a one time she repurchase, but you, as an investor, would have preferred to receive a dividend payment. How can you leave yourself in the same position as if the board had lected to make the dividend payment instead? Which of the following is true regarding the effect of a one-time share repurchase on the stock price in a perfect market? (Select the best choice below) O A. An open market share repurchase decreases the share price because the firm's assets decline by purchases of the shares OB. An open market share repurchase has no effect on the stock price, but the stock price is not the same as the condividend price if a dividend were paid instead OC. An open market share repurchase increases the stock price due to the decrease in shares in the marketplace OD. An open market share repurchase has no effect on the stock price

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