Question: Please help me out with the question below. ( I HAVE ALSO ATTACHED THE FORMULA SHEET BELOW) 5,Suppose management of X Corporation decides to use

Please help me out with the question below. ( I HAVE ALSO ATTACHED THE FORMULA SHEET BELOW)

5,Suppose management of X Corporation decides to use cash to pay a dividend of $8,000,000, and then issues more shares to new shareholders to replace the cash. What will happen to the market value of the existing shares and shareholders' wealth?Explain your answer clearly.

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