DD&L Has a Market Value Equal to Its Book Value,excess

Multiple Choice

DD&L has a market value equal to its book value,excess cash of $400,other assets of $7,600,equity of $8,000,200 shares of stock outstanding,and net income of $900.The firm has decided to pay out all its excess cash as a cash dividend.What will be the earnings per share after the dividend is paid?

A) $4.68
B) $4.74
C) $4.59
D) $4.80
E) $4.50