The market value balance sheet for Corona Enterprise reflects cash of $43,433, fixed assets of $65,580, and equity of $368,400. There are 5,505 shares of stock outstanding with a par value of $1 per share. The company has announced that it is going to repurchase $28,000 of stock. Calculate what the price of a companys stock would be after this repurchase

(b) Dividend relevance theory is the theory, advanced by Gordon and Lintner, that identifies there is a direct relationship between a firms dividend policy and its market value. Compare and contrast the bird-in-the-hand argument and informational content theories.