Question 32 2.78 pts Afirm has a market value equal to its book value. Currently, the firm has excess cash of $500 and other assets of $5,000. Equity is worth $5,500. The firm has 550 shares of stock outstanding and net income of $770. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase? $2.37 $1.40 $.83 $1.54 $1.00 Question 33 2.78 pts You own 230 shares of stock in Halestorm, Inc., that currently sells for $83.20 per share. The company has announced a dividend of $3.30 per share with an ex-dividend date of February 4. Assuming no taxes, what is the value of the stock on February 4? $81.55 $78.85 $83.20 $86.50 $79.90