Natsam Corporation has $ 268 million of excess cash. The firmhas no debt and 525 million shares outstanding with a currentmarket price of $ 16 per share.? Natsam's board has decided to payout this cash as a? one-time dividend. a. What is the? ex-dividendprice of a share in a perfect capital? market? b. If the boardinstead decided to use the cash to do a? one-time share?repurchase, in a perfect capital? market, what is the price of theshares once the repurchase is? complete? c. In a perfect capital?market, which policy in part ?(a?) or ?(b?) makes investors in thefirm better? off?
