Question: careful with this one 5 points Sre Answer ABC Corp. currently has $46 million in excess cash that it plans on returning to its shareholders

careful with this one

5 points Sre Answer ABC Corp. currently has $46 million in excess cash that it plans on returning to its shareholders through a dividend payment ABC's current share price is $24.6 and it has 26.1 million shares outstanding. In addition the market value of the company's debt is $16 million Assuming perfect markets, what will the share price of ABC be after it pays the dividend? Round your answer to two decimals (do not include the 5-symbol in your answer)

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