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A firm has a market value equal to its book value. Currently, the firm has excess cash of $3,000 and other assets of $26,000. Equity

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $3,000 and other assets of $26,000. Equity is worth $29,000. The firm has 650 shares of stock outstanding and net income of $2,600. What will the stock price per share be if the firm pays out its excess cash as a cash dividend? Multiple Choice $40 $44 $65 $48 $69

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