Use the Following Information to Answer the Question(s)below

question 41

Multiple Choice

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:

• A)$12.50.
• B)$14.00.
• C)$17.50.
• D)$26.50.

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Definitions:

Toys

Objects designed for play, often used as a tool for entertainment and education, stimulating creativity and cognitive development in children.

Switching Codes

The practice of altering one's language, dialect, or style of communication based on the social context or conversational setting.

Sentence

A group of words that is grammatically complete, expressing a statement, question, exclamation, or command.

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All of the methods—word order, verb forms, and so on—that languages use to communicate meaning, apart from the words themselves.