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What is the impact to remaining shareholders if a firm with 200,000 shares, a stock price trading at $45/share which has a true value of

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What is the impact to remaining shareholders if a firm with 200,000 shares, a stock price trading at $45/share which has a true value of $35/share, and $40,000 of excess cash returns that cash via a one time special dividend? What would the impact be to remaining shareholders if the cash was used in a repurchase? they would have a loss in value; they would be indifferent Othey would be indifferent, remaining shareholders would be better off Othey would have a gain in value; they would be indifferent they would be indifferent; remaining shareholders would be worse off

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