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Bowzer Co. has just received $3.4 million from the sale of one of its divisions. The company has 410,000 shares outstanding that sell for $85.11

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Bowzer Co. has just received $3.4 million from the sale of one of its divisions. The company has 410,000 shares outstanding that sell for $85.11 per share. If the company issues the entire proceeds from the sale as a special dividend, what will the ex-dividend stock price be? Ignore taxes. O $85.11 O $84.99 O $76.82 O $78.74 O $93.40

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