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Blossom Company currently has 30,000 shares outstanding. Each share has a market value of $24. If the firm pays $1 per share in dividends: (Ignore

Blossom Company currently has 30,000 shares outstanding. Each share has a market value of $24. If the firm pays $1 per share in dividends: (Ignore taxes).

What will the new total market value be after the dividend payment?

The new total market value after the dividend payment will be $________

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