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= Homework: Lecture 7 Homework (Ch 17) Question list K Question 2, P 17-7 (similar to) Part 1 of 3 HW Score: 40%, 2

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= Homework: Lecture 7 Homework (Ch 17) Question list K Question 2, P 17-7 (similar to) Part 1 of 3 HW Score: 40%, 2 of 5 points Points: 0 of 1 Natsam Corporation has $282 million of excess cash. The firm has no debt and 495 million shares outstanding with a current market price of $19 per share. Natsam's board has decided to pay out this cash as a one-time dividend. a. What is the ex-dividend price of a share in a perfect capital market? b. If the board instead decided to use the cash to do a one-time share repurchase, in a perfect capital market, what is the price of the shares once the repurchase is complete? c. In a perfect capital market, which policy in part (a) or (b) makes investors in the firm better off? Question 1 Question 2 a. What is the ex-dividend price of a share in a perfect capital market? The ex-dividend price is $ on a per share basis. (Round to the nearest cent.) Question 3 Question 4 Question 5 Help me solve this View an example Get more help Type here to search H 99+ > B W H H EPIC Save Clear all Check answer 6:58 PM 12/16/2023

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