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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 $15,000. Equity

A firm has a market value equal to its book value. Currently, the firm has excess cash of $6,000 and other assets of $15,000. Equity is worth $21,000. The firm has 200 shares of stock outstanding and net income of $1,600. What will the stock price per share be if the firm pays out its excess cash as a cash dividend? Multiple Choice $83 $28 $75 $91 $20

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