Ignoring taxes and all else held constant, on the the market value of a stock should decrease by the amount of the dividend. a. date of payment O b. dividend declaration date . O c. ex-dividend date The market value of Scorpion Corporation equals its book value. Currently, the firm has excess cash of $1,100 and other assets of $12,400. Equity is worth $13,500. The firm has 2,500 shares of stock outstanding and a net income of $10,800. What will be the new earnings per share if the firm uses its excess cash to complete a stock repurchase? a. $4.82 b. $4.50 O c. $4.70