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Emma corp has asset with a amarket value of 600 million, 50 million of which are cash. It has debt of 250 million, and 50

Emma corp has asset with a amarket value of 600 million, 50 million of which are cash. It has debt of 250 million, and 50 million share outstanding. Assume perfect capital market, what is the stock price on the ex dividend date if the cash reserve of 50 million is used up to pay dividends

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