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1) Use the following table of information to answer the questions below. a) What is the current market price per share? b) Prepare the Market
1) Use the following table of information to answer the questions below.
a) What is the current market price per share?
b) Prepare the Market Value Statement of Financial Position once the dividends have been declared, but not yet paid.
c) Ignoring tax effects, what will be the market price per share tomorrow, if the stock goes ex-dividend tomorrow?
d) Prepare the Market Value Statement of Financial Position once the dividends have been paid.
*Please show your work as best as possible including formulas, Thank you*
Market value Statement of Financial Position Cash 43 700 Dividends Payable Fixed Assets 310,000 Equity 353,700 Total 353 700 Total 353,700 Total number of common shares outstandin 9.000 1.40 Dividend per shareStep by Step Solution
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