Consider a firm with a market capitalization (market value of equity) of 70mln. There are 2mln shares outstanding with a par value of 1.00 per share. Currently, the firm has 8mln excess cash which it plans to distribute as cash dividend. Calculate the ex-dividend share price. Enter your answer with 0 decimals and do not provide the euro sign in your answer (e.g. write 102.30 as 102).

Consider a firm with a market capitalization (market value of equity) of 70mln. There are 2mln shares outstanding with a par value of 1.00 per share. Currently, the firm has 8mln excess cash which it plans to distribute as cash dividend. Calculate the ex-dividend share price. Enter your answer with 0 decimals and do not provide the euro sign in your answer (e.g. write 102.30 as 102)