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A firm has a market value equal to its book value. Currently, the firm has excess cash of $8,400 and other assets of $24,600. Equity

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $8,400 and other assets of $24,600. Equity is worth $33,000. The firm has 600 shares of stock outstanding and net income of $3,600. What will the stock price per share be if the firm pays out its excess cash as a cash dividend? 46 Multiple Choice $47 $41 $60 $66 O O O $47 $41 $60 $66 $53

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