Question
Suppose we live in a world in which Modgliani Miller is true, that is no information or tax issues and capital structure is irrelevant. A
Suppose we live in a world in which Modgliani Miller is true, that is no information or tax issues and capital structure is irrelevant. A firm currently has 1,000 shares outstanding, each with a price of $13.2. The firm announces that it will pay a dividend of $2.00 per share. What will be the price of a share ex-dividend (that is after dividend has been paid)?
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
