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Pocket wins a lawsuit and is paid $ 2 4 0 , 0 0 0 in cash. The market value of the equity rises by
Pocket wins a lawsuit and is paid $ in cash. The market value of the equity rises by that amount, and Pocket decides to make a oneoff payout of $ per share.
a What will be Pocket's stock price after the payout if the payout comes as a cash dividend?
b What will be Pocket's stock price after the payout if the payout comes as a share repurchase?
Note: For all requirements, do not round intermediate calculations. Round your answers to decimal places.
tablea Stock price,per shareb Stock price,per share
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