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A firm has a market value equal to its book value. Currently, the firm has excess cash of $6,000 and other assets of $18,000. Equity

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $6,000 and other assets of $18,000. Equity is worth $24,000. The firm has 400 shares of stock outstanding and net income of $2,000. What will the stock price per share be if the firm pays out its excess cash as a cash dividend? Mutiple Choice O O O $45 $40 3 $46 $55 8 $50

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