Your firm has total assets of $250 million and is financed with $100 million debt and $150 million equity. After paying a $50 million cash dividend, assets and stockholders’ equity decline by $50...

Your firm has total assets of $250 million and is financed with $100 million debt and $150 million equity. After paying a $50 million cash dividend, assets and stockholders’ equity decline by $50 million, but the firm’s debt obligation remains the same. Which of the following statements is true?