Assume that Toyota has a market value equal to its book value. Currently, the firm hasexcess cash of $9,300 and other assets of $24,700. Equity is worth $34,000. The firmhas 650 shares of stock outstanding and net income of $3,900. What will the stock priceper share be if the firm pays out its excess cash as a cash dividend?Multiple ChoiceO$65$71$38$44$50

Stock price per share is the price of company's stock prevailing in the market. It is used to…

ssume that Toyota has a market value equal to its book value. Currently, the firm xcess cash of $9,300 and other assets of $24,700. Equity is worth $34,000. The as 650 shares of stock outstanding and net income of $3,900. What will the stock per share be if the firm pays out its excess cash as a cash dividend? Multiple Choice

ssume that Toyota has a market value equal to its book value. Currently, the firm xcess cash of $9,300 and other assets of $24,700. Equity is worth $34,000. The as 650 shares of stock outstanding and net income of $3,900. What will the stock per share be if the firm pays out its excess cash as a cash dividend? Multiple Choice

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter12: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $7,000 and other assets of $21,000. Equity is worth $28,000. The firm has 600 shares of stock outstanding and net income of $2,400. What will the stock price per share be if the fim pays out Its excess cash as a cash dividend? Multiple Choice $64 $43 $35 $39 $60
A firm has a market value equal to its book value. Currently, the firm has excess cash of $7,000 and other assets of $21,000. Equity is worth $28,000. The firm has 600 shares of stock outstanding and net income of $2,400. What will the stock price per share be if the firm pays out its excess cash as a cash dividend? Multiple Choice O $64 $43 $35 $39 $60
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