option for the select question: lower than the same as higher than

The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $1 per share, and there are 20,000 shares of stock outstanding. The market value balance sheet for Payout is shown below. Assets Cash Fixed assets Liabilities and Equity $250,000 Equity $1,000,000 750,000 Suppose that Payout changes its mind and decides to issue a 2% stock dividend instead of either issuing the cash dividend or repurchasing 2% of the outstanding stock. How would this action affect a shareholder who owns 250 shares of stock? (Round your answers to the nearest dollar.) Total value of the position Compare the effects of the repurchase to the effects of the cash dividend. The value of the position is (Click to select) under the cash dividend. Compare the effects of the repurchase to the effects of repurchasing 2% of the outstanding stock. nder the repurchase. The value of the position is (Click to select) higher than lower than the same as