he balance sheet for Quinn Corporation is shown here in market value terms. There are 12,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 49,300 Fixed assets 355,000 Equity $ 404,300 Total $ 404,300 Total $ 404,300 The company has declared a dividend of $1.45 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. What is the stock selling for today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. What will it sell for tomorrow? Note: Do not round intermediate calc
he balance sheet for Quinn Corporation is shown here in market value terms. There are 12,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 49,300 Fixed assets 355,000 Equity $ 404,300 Total $ 404,300 Total $ 404,300 The company has declared a dividend of $1.45 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. What is the stock selling for today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. What will it sell for tomorrow? Note: Do not round intermediate calc
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 11P
Related questions
Question
The
Market Value Balance Sheet | |||
---|---|---|---|
Cash | $ 49,300 | ||
Fixed assets | 355,000 | Equity | $ 404,300 |
Total | $ 404,300 | Total | $ 404,300 |
The company has declared a dividend of $1.45 per share. The stock goes ex dividend tomorrow. Ignore any tax effects.
-
What is the stock selling for today?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
-
What will it sell for tomorrow?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
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