Delaware trust has 450 shares of common stock outstanding, Financial Management

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Delaware trust has 450 shares of common stock outstanding

Delaware Trust has 450 shares of common stock outstanding at a market price per share of $27. Currently, the firm has excess cash of $400, total assets of $28,900, and net income of $1,320. The firm has decided to pay out all of its excess cash as a cash dividend. What will the earnings per share be after this dividend is paid?

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Financial Management: Delaware trust has 450 shares of common stock outstanding

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