Natsam Corporation has $240 million of excess cash. The firm has no debt and 484 million shares outstanding with a current market price of $15 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 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? The price of the shares once the repurchase is complete is $ 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.) O A. Investors are better off with policy in part (a). OB. Investors are better off with policy in part (b). O C. Investors are indifferent to either policy