ajax inc of toronto has a market value equal to its book value. Currently the firm has excess cash of $2000 and other assets of $13,000. Equity is worth $15,000. The firm has 1,000 shares of stock outstanding and net income of $2,500. By what percent does the stock price per share change if the firm pays out its excess cash as cash DIVIDEND ???

a) -16.67 % b)-13.33% c) 0.00% d)13.33% e) 16.67%

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