Question: Dempy's has a market value equal to its book value, excess cash of $400, other assets of $7,600, equity of $8,000,200 shares of stock outstanding,
Dempy's has a market value equal to its book value, excess cash of $400, other assets of $7,600, equity of $8,000,200 shares of stock outstanding, anc net income of $900. The firm has decided to pay out all of its excess cash as cash dividend. What will the earnings per share be after the dividend is paid? Seleccione una: A. $4.50 B. $4.68 C. $4.74 D. $4.80 E. $4.59
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
