Question list Natsam Corporation has $218 million of excess cash. The firm has no debt and 546 million shares outstanding with a current market price of $12 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? Question 5 c. In a perfect capital market, which policy in part (a) of (b) makes investors in the firm better off? Question 6 a. What is the ex-dividend price of a share in a perfect capital market? The ex-dividend price is 3 on a per share basis. (Round to the nearest cent.) Question 7 Question 8 Question 9