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Question 27 (1 point) ABC Co has a market value equal to its book value. Currently, the firm has excess cash of $750 and other
Question 27 (1 point) ABC Co has a market value equal to its book value. Currently, the firm has excess cash of $750 and other assets of $19,400. Equity is worth $11,500. ABC Co has 525 shares of stock outstanding and net income of $630. The firm has decided to pay out all of its excess cash as a cash dividend. What will the earnings per share be after the dividend is paid? $1.20 $1.40 $0.00 -$0.23 $1.43
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