Answered step by step
Verified Expert Solution
Question
1 Approved Answer
careful with this one 5 points Sre Answer ABC Corp. currently has $46 million in excess cash that it plans on returning to its shareholders
careful with this one
5 points Sre Answer ABC Corp. currently has $46 million in excess cash that it plans on returning to its shareholders through a dividend payment ABC's current share price is $24.6 and it has 26.1 million shares outstanding. In addition the market value of the company's debt is $16 million Assuming perfect markets, what will the share price of ABC be after it pays the dividend? Round your answer to two decimals (do not include the 5-symbol in your answer) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started