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Yan Ltd. Has extra cash of US400,000. Its equity is currently valued at US7,000,000. The number...

Yan Ltd. Has extra cash of US400,000. Its equity is currently valued at US7,000,000. The number of outstanding shares is 2,000,000. What will be the ex-dividend price if Yan Ltd. Decides to pay the entire extra cash as cash dividend?

Select one:

a. US$0.50 per share

b. US$4.90 per share

c. US$0.10 per share

d. US$3.30 per share

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