The Baldwin Locomotive Works Inc A)$5606
B)$62

The Baldwin Locomotive Works Inc. manufactures steam locomotives for North American railways. Selected financial information for Baldwin is provided in the table below. The CFO, Matthias Baldwin, wants to distribute $1B of cash by means of an extra dividend. What will the stock price be after the dividend? Baldwin Locomotive Works Inc.
Selected Financial Information
$$\begin{array} { | c | c | } \hline \text { Stock Price } & \$ 62.725 \\\hline \text { Cash } & \$ 1,000 \mathrm { M } \\\hline \text { Market Capitalization } & \$ 9,408.75 \mathrm { M } \\\hline \text { Shares Outstanding } & 150 \mathrm { M } \\\hline \text { Debt } & \$ 0 \\\hline\end{array}$$

A) $56.06
B) $62.73
C) $68.73
D) $69.39
E) $72.26