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6. Your friend is evaluating two different companies which had the same number of shares outstanding before their dividend issuance and share repurchase (with balance

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6. Your friend is evaluating two different companies which had the same number of shares outstanding before their dividend issuance and share repurchase (with balance sheets shown above)-one of which has recently paid a dividend while the other one has recently repurchased shares of its outstanding equity. Company paid a dividend while Company repurchased shares. The share price of Company A is while the share price of Company B is If your friend claimed that Company A has a higher overall value, he would be (a) B;A;$15;$15; incorrect (b) A; B; $20;$15; incorrect (c) B; A; $20;$15; correct (d) B; A; $20;$15; incorrect

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