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Bowzer Company has just received $5.1 million from the sale of one of its divisions. The company has 495,000 shares outstanding that sell for $87.49

Bowzer Company has just received $5.1 million from the sale of one of its divisions. The company has 495,000 shares outstanding that sell for $87.49 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. Multiple Choice $97.79 $87.49 $79.12 $77.19 $87.39

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