(Stock dividends) The Dunn Corporation is planning to pay dividends of $480,000.
There are 240,000 shares outstanding, and earnings per share are $6. The stock should sell for
$52 after the ex-dividend date. If, instead of paying a dividend, the firm decides to repurchase
a. What should be the repurchase price/
b. How many shares should be repurchased?
c. What if the repurchase price is set bellow or above your suggested price in part (a)?
d. If you own 100 shares, would you prefer that the company pay the dividend or repurchase