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The equity of All Time Greats has a total market value of $148,900. Currently, the firm has excess cash of $4,200 and net income of
The equity of All Time Greats has a total market value of $148,900. Currently, the firm has excess cash of $4,200 and net income of $21,400. There are 1,100 shares of stock outstanding. What will be the percentage change in the stock price per share if the company pays out all of its excess cash as a cash dividend?
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