Natzam Corporation has $250 milion of exooss cash. The frm has no debt and 500 million shares outstanding with a current market price of $12 per share. Natsam's board has decided to pay cut this cash as a one-time dividend. 3. What is the ox-divisond price of a share in a perfect copital manot? b. t the board insiead depided to use the cash to do a one-time share repurchase, in a perfect capital maeket what is the price of the shares once the repurchase is complate? c. In a perfect capitad market, shich 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 perlect capital market? The ex-dvidend price is 5 on a per share basis. (Round to the nearest cent.)