Hewlard Pocket's market value balance sheet is given. Assets A. Original balance sheet Cash Other assets Value of firm $ 150,000 950,000 Debt Equity $1,100,000 Value of firm Shares outstanding = 100,000 Price per share = $1,100,000/100,000 = $11 a. Stock price Liabilities and Shareholders' Equity Pocket wins a lawsuit and is paid $200,000 in cash. The market value of the equity rises by that amount, and Pocket deci a one-off payout of $3.00 per share. $0 1,100,000 $ 1,100,000 a. What will be Pocket's stock price after the payout if the payout comes as a cash dividend? b. What will be Pocket's stock price after the payout if the payout comes as a share repurchase? Note: For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. per share

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