Question
Beta Corporations current stock price is $90 and a total number of shares is 1 billion. The Company will generate a free cash flow of
Beta Corporations current stock price is $90 and a total number of shares is 1 billion. The Company will generate a free cash flow of $10 billion for the year ahead, all of which it will payout to its shareholders as a dividend. What would be the price on the ex-dividend date?
a. 100
b. 70
c. 80
d. 90
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
9781266566899
