1. The balance sheet for a company is shown here in market value terms. There are 100,000 shares of stock outstanding.

Market value balance sheet

Cash $ 168,500 Equity $ 855,000

Fixed assets 686,500

Total $ 855,000 Total $ 855,000

The company has declared a dividend of $0.42 per share. The stock goes ex-dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? What will it sell for tomorrow? What will the balance sheet look like after the dividends are paid?