Question: Jensens has a market value equal to its book value, excess cash of $1,000, other assets of $11,000, and equity worth $12,000. The firm has

Jensens has a market value equal to its book value, excess cash of $1,000, other assets of $11,000, and equity worth $12,000. The firm has 300 shares of stock outstanding and net income of $1,400. What will the stock price per share be if the firm pays out its excess cash as a cash dividend? Question 50 options: $35.70 $38.00 $40.00 $42.34 $36.67

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