The equity of Blooming Roses has a total market value of $16,000. Currently, the firm has excess cash of $1,200 and net income of $15,400. There are 750 shares of stock outstanding. What will be the percentage change in the stock price per share if the firm pays out all of its excess cash as a cash dividend?
The equity of Blooming Roses has a total market value of $16,000. Currently, thefirm has excess cash of $1,200 and net income of $15,400. There are 750 shares ofstock outstanding. What will be…
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