Homework answers / question archive / Giggle Inc reports the following abbreviated balance sheet: Cash = $10000 Other Asset = $20000 Debt = $0 Equity = $30000 Number of shares outstanding = 1000 Giggle just paid a cash dividend of $0

Giggle Inc reports the following abbreviated balance sheet: Cash = $10000 Other Asset = $20000 Debt = $0 Equity = $30000 Number of shares outstanding = 1000 Giggle just paid a cash dividend of $0

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Giggle Inc reports the following abbreviated balance sheet: Cash = $10000

Other Asset = $20000

Debt = $0

Equity = $30000

Number of shares outstanding = 1000

Giggle just paid a cash dividend of $0.80 per share. What is the new share price after the dividend payment?