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Red Corp. is evaluating an extra dividend versus a share repurchase. In either case, $5,500 would be spent. Current earnings are $1.09 per share and

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Red Corp. is evaluating an extra dividend versus a share repurchase. In either case, $5,500 would be spent. Current earnings are $1.09 per share and the stock currently sells for $39 per share. There are 2,500 shares outstanding. Ignore taxes and other imperfections. If Red Corp. pays a dividend, what will be the dividend per share? After the dividend is paid, how many shares will be outstanding and what will the price per share be? Enter your answers rounded to 2 DECIMAL PLACES. NOTE: Fractional shares are possible (Ex. 0.47 shares) Dividend = Number Shares outstanding = Number Stock price = Number Click "Verify" to proceed to the next part of the

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