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shareholders. Tucson Hat Company (THC) decides to pay a dividend of $100 million to its shareholders. There are 250 millionl shares outstanding, and the

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shareholders. Tucson Hat Company (THC) decides to pay a dividend of $100 million to its shareholders. There are 250 millionl shares outstanding, and the price-per-share the moment before the dividend is paid is $20. and the price per-share thn a) How much money will an investor who owns $25,000 worth of THC stock (before the dividend) receive in cash from the dividend? Amount received: b) What will the per-share price of THC be the moment after the dividend is paid, assuming nothing else changes in that moment? After-dividend price

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