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Thanks! A firm has a market value equal to its book value. Currently, the firm has excess cash of $6,000 and other assets of $18,000.

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $6,000 and other assets of $18,000. Equity is worth $24,000. The firm has 400 shares of stock outstanding and net income of $2,000. What will the stock price per share be if the firm pays out its excess cash as a cash dividend? Multiple Choice $50 O $46 O $40 $55 O $45

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