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Hewlard Pocket's market value balance sheet is given. Assets A. Original balance sheet Liabilities and Shareholders' Equity Cash $ 150,000 Debt Other assets 950,000 Equity

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Hewlard Pocket's market value balance sheet is given. Assets A. Original balance sheet Liabilities and Shareholders' Equity Cash $ 150,000 Debt Other assets 950,000 Equity Value of firm $ 1,100,000 Value of firm Shares outstanding - 100,000 Price per share = $1,100,000 / 100,000 = $11 $ 0 1,100,000 $ 1,100,000 Pocket wins a lawsuit and is paid $110,000 in cash. The market value of the equity rises by that amount, and Pocket decides to pay out $2.10 per share. a. What will be Pocket's stock price if the payout comes as a cash dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price per share b. What will be Pocket's stock price if the payout comes as a share repurchase? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price per share

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