Nathan has $500 million in excess cash and has 250 million shares of common stock outstanding; the current stock price is $20 per share A. If Nathan pays a cash dividend of $500 million, what is the price of the common stock after the dividend has been paid? B. If Nathan uses the $500 million to repurchase shares of common stock, what will be the price per share of the common stock after the repurchase is complete? C. Which policy, dividend or share repurchase, makes the shareholders better off? The firm has no debt Assume perfect markets Nathan has $500 million in excess cash and has 250 million shares of common stock outstanding; the current stock price is $20 per share A. If Nathan pays a cash dividend of $500 million, what is the price of the common stock after the dividend has been paid? B. If Nathan uses the $500 million to repurchase shares of common stock, what will be the price per share of the common stock after the repurchase is complete? C. Which policy, dividend or share repurchase, makes the shareholders better off? The firm has no debt Assume perfect markets