Question
A firm is all equity financed, with 10,000 outstanding shares with a market value of $20 each. Its net incomes was $30,000, and it decides
A firm is all equity financed, with 10,000 outstanding shares with a market value of $20 each. Its net incomes was $30,000, and it decides to pay a cash dividend of $2,000. Calculate the value of each share after the dividend payout. Please show me your work.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
