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Use the following information to answer the question(s) below.
Wyatt Oil has assets with a market value of $600 million,$70 million of which are cash.It has debt of $250 million,and 20 million shares outstanding.Assume perfect capital markets.
-If Wyatt Oil distributes the $70 million as a dividend,then its stock price after the dividend will be closest to:
Tainos
An indigenous people of the Caribbean at the time of Columbus' arrival who were decimated by disease, enslavement, and warfare following European colonization.
Western Europeans
Western Europeans refers to the people living in the western part of Europe, including nations such as France, Germany, Spain, and Italy, often characterized by shared cultural, historical, and economic ties.
Exploration
The act of traveling through unknown areas to discover new knowledge, resources, or geographic information.
Indian Bystanders
Refers to the individuals of Indian heritage who are present at an event or incident but do not play an active role.
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