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Save Ana Question 5 3 points Alpha Corporation has just paid its annual dividend and is looking forward to another successful year ahead. The company

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Save Ana Question 5 3 points Alpha Corporation has just paid its annual dividend and is looking forward to another successful year ahead. The company had free cash flow for the year just ended of $10million, all of which it just paid out to its sharcholders as a dividend. Right now, shareholders do not believe that Alpha has any growth opportunities, so they expect the annual cash flow and dividend strearn to remain unchanged for the foreseeable future. Alpha has 10 million shares outstanding. The company is entirely oquity-financed. The cost of equity for the company is estimated to be 10%. The capital market is efficient and there is no tax. One year later when it comes for time for next dividend, what would be the stock price right before the ex-dividend date, cum dividend date, Pl.com div.? O $110/share $100/share $10/share $11/share $1/share

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