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Hewlard Pocket's market value balance sheet is given. Shares outstanding =100,000 Price per share =$1,100,000/100,000=$11 Pocket wins a lawsult and is paid $240.000 in cash.

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Hewlard Pocket's market value balance sheet is given. Shares outstanding =100,000 Price per share =$1,100,000/100,000=$11 Pocket wins a lawsult and is paid $240.000 in cash. The market value of the equity rises by that amount, and Pocket decides to make a one-off payout of $1.40 per share. o. What will be Pocket's stock price after the payout if the payout comies as a cash dividend? b. What will be Pocket's stock pilce after the payout if the payout comes as a share repurchase? Note: For all requirements, do not round intermediote calculotions. Round your answers to 2 decimol places

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