Business
Business, 15.08.2020 06:01, kylieweeks052704

Natsam Corporation has $285 million of excess cash. The firm has no debt and 549 million shares outstanding with a current market price of $11 per share. Natsam's board has decided to pay out this cash as a one-time dividend. a) What is the ex-dividend price of a share in a perfect capital market? b) If the board instead decided to use the cash to do a one-time share repurchase, in a perfect capital market, what is the price of the shares once the repurchase is complete? c) In a per

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