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a firm has an excess cash flow of 4.8 million it had 3 million shares outstanding and was considering paying cash dividend corresponding to 40%payout

a firm has an excess cash flow of 4.8 million it had 3 million shares outstanding and was considering paying cash dividend corresponding to 40%payout the stock traded in the market at 88.00per share .assume that average investor holds 143 shares of the company stock and k is used to represent thousands what would be the average portfolio value after a re purchase scenario ???

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