Dungeoness Corporation has excess cash of $3,000 that it would like to distribute to shareholders as an extra dividend.Current earnings are $0.90 per share, and the stock currently sells for $30 per share.There are 210 shares outstanding.After the dividend is paid, what will be the earnings per share for the firm?

Question 62 options:

$0.61

$0.90

$1.72

$1.89