1. The following is the abbreviated balance sheet for Bryant Mining.

Cash	$ 6,000		Debt	$ 0
Other Assets	$14,000		Equity	$20,000
Shares outstanding = 2,000

Bryant has just paid a cash dividend of $1.00 per share. Show what will likely happen to the firms balance sheet and share price after the dividend payment.

Cash	____6000______		Debt	0 __________
Other Assets	______14,000____		Equity	_20,000_________

2. Refer to Bryant Mining in Problem 10. Becker Shembo owns 100 shares of Bryant, but he decides that he does not want his investment in the firm reduced.

1. Show how Becker Shembo can negate the dividend.

Cash	__________		Debt	__________
Other Assets	__________		Equity	__________

2. Repeat the analysis for a $2 dividend payment

Cash	__________		Debt	__________
Other Assets	__________		Equity	__________