Suppose that Firefox Corp. has announced it is going to repurchase stock instead of paying out dividends. What effect will the repurchase have on an investor who currently holds $100$ shares and sells $20$ of those shares back to the company in the repurchase at the market price per share of $$14\mathrm{.}2($i$.$e$.,$ what are the values of the investor's shares and cash$)?$ Enter your answers rounded to $2$ DECIMAL PLACES.

What will be the value of the investor's shares after the share repurchase?

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Correct response: $1,136+-0\mathrm{.}01$

What will be the value of the investor's cash after the share repurchase?

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Correct response: $284+-0\mathrm{.}01$

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Suppose the company changes its mind and decides to issue a $24\%$ stock dividend instead of issuing a cash dividend or a repurchase. How would this action affect a shareholder who owns $100$ shares of the stock? Enter your answers rounded to $2$ DECIMAL PLACES.

How many shares will the firm have after the stock dividend?

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What will be the price per share after the stock dividend?

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What will be the value of the investor's shares after the stock dividend?

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What will be the value of the investor's cash after the stock dividend?

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Section Attempt $1$ of $1$

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