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A firm has a market value equal to its book value. Currently, the firm has excess cash of $6,700 and other assets of $25,300. Equity

A firm has a market value equal to its book value. Currently, the firm has excess cash of $6,700 and other assets of $25,300. Equity is worth $32,000. The firm has 550 shares of stock outstanding and net income of $3,300. What will the stock price per share be if the firm pays out its excess cash as a cash dividend?

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