Problem 16 You have until 9:25 PM to complete this assignment. Attempt 1/2 for 10 pts. Part 1 About cash dividend, which statements are CORRECT? Check all that apply: The drop in stock price by the amount of cash dividend makes the stock undervalued as it becomes cheaper Company's book value per share drops by cash dividend amount per share when dividend is paid out Company's stock price will immediately decline in response to cash dividend payout By dividend payout, the firm's book value and market value both decline by the same dollar amount per share Submit