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Corp assets with market value of 500 million, 40 million of which are cash. It has debt of 285 million and 12 million shares outstanding.

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Corp assets with market value of 500 million, 40 million of which are cash. It has debt of 285 million and 12 million shares outstanding. Assume perfect capital markets. A) What is the current stock price? B) If JJJ distributes $40 million as a dividend, what will its share price be after the dividend is paid? C) If JJJ distributes $40 million as a share repurchase, how many shares are repurchased and what will be its share price once the shares are repurchased? D) What will be the new market debt to equity ratio be after either transaction

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