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KMS Corporation has assets with a market value of $434 million,$28 million of which are cash. It has debt of $276 million, and 16million shares outstanding. Assume perfect capital markets. a. Whatis its current stock price? b. If KMS distributes $28 million as adividend, what will its share price be after the dividend is paid?c. If instead, KMS distributes $28 million as a share repurchase,what will its share price be once the shares are repurchased? d.What will its new market debt-equity ratio be after eithertransaction? a. What is its current stock price? KMS Corporation'scurrent stock price is $nothingm per share. (Round to the nearestcent.) b. If KMS distributes $28 million as a dividend, what willits share price be after the dividend is paid? If KMS distributes$28 million as a dividend, KMS Corporation's share price after thedividend is paid will be $nothingm per share. (Round to the nearestcent.) c. If instead, KMS distributes $28 million as a sharerepurchase, what will its share price be once the shares arerepurchased? If instead, KMS distributes $28 million as a sharerepurchase, KMS Corporation's share price after the shares arerepurchased will be $nothingm per share. (Round to the nearestcent.) d. What will its new market debt-equity ratio be aftereither transaction
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