A firm is all equity financed, with 10,000 outstanding shares with a market value of $20 each. Its net income was $30,000, and it decides to pay a cash dividend of $2,000. Calculate the value of each share after the dividend payout.

A)$22.8

B)$20.0

C)$19.8

D)Not enough information

What is the expected return on a risky investment where

the risk free rate is 5.1%;

the investment's beta is 1.4;

the equity market risk premium is 5.0%; and

the cost of debt is 4.5%.

A) 10.8%

B) 9.6%

C)12.1%

D)9.2%