Solution :-
Total Current Market Value = Number of share * Price per share
= 3,000,000 * $88
= $264,000,000
Now, The Dividend Paid Out = Excess Cash Flow * Dividend Payout
= $4,800,000 * 40%
= $1,920,000
So, Market Cap after Dividend Paid out = $264,000,000 - $1,920,000
= $262,080,000
So, Price per share = Market Cap / Number of share
= $262,080,000 / 3,000,000
= $87.36 Per share
Average Number of Share = 131
So, value of Portfolio = 131 * $87.36
= $11,444.16
= $11.444 K
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