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You may attempt this question 3 more times for credit. Giggle Inc reports the following abbreviated balance sheet: Cash = $ 5000 Other Asset =

You may attempt this question 3 more times for credit.

Giggle Inc reports the following abbreviated balance sheet: Cash = $5000 Other Asset = $19000 Debt = $0 Equity = $24000 Number of shares outstanding = 2000 Giggle just paid a cash dividend of $1.00 per share. What is the new share price after the dividend payment? $ Place your answer in dollars and cents without the dollar sign.

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