QC 17. Natsam Corporation has $350 million of excess cash. The firm has no debt...
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QC 17. Natsam Corporation has $350 million of excess cash. The firm has no debt and 550 million shares outstanding with a current market price of $11 per share. Natsam's board has decided to pay out this cash as a one-time dividend. a. What is the ex-dividend price of a share in a perfect capital market? b. If the board instead decided to use the cash to do a one-time share repur- chase, in a perfect capital market what is the price of the shares once the repurchase is complete
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