Natsam Corporation has $200 million of excess cash. The firm has no debt and 400 million shares outstanding with a current market price of $16 per share. Natsam's board has decided to pay ol 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? 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.) 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? If the board instead decided to use the cash to do a one-time share repurchase, the price will be $ per share. (Round to the nearest cent.) c. In a perfect capital market, which policy, in part (a) or (b), makes investors in the firm better off? (Select the best choice below.) A. The value of the firm is the same under either policy. B. Part (b) C. Part (a)