The statement is true/false

6. Dividends, repurchases, and firm value Remember that the primary goal of a firm is to maximize shareholder wealth by increasing the firm's intrinsic value. It is the important to the impact of distributions-both in the form of dividends or stock repurchases on the firm's value. Trident Engineering currently has no debt. Recently, the company sold off one of its divisions, from which it received $5 milion (extra cash). The of $75 million. Trident has no other financial assets. Based on the previous information, calculate the value of Trident Engineering's operations (Vop). $75 million $67 million $35 million $70 million Based on your understanding of stock repurchases, identify whether the following statement is true or false: If a firm pays a dividend of $0.59 per share, the firm's stock price will also fall by $0.59 per share. This statement is because, if a firm pays a dividend of $0.59 per share, the price per share of the firm's stock will also by $0.59