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7. Suppose FM Corporation has $503,000 of equity in market value. There are 12,000 shares outstanding. If has declared $1.90 of dividend per share (DPS)

image text in transcribed 7. Suppose FM Corporation has $503,000 of equity in market value. There are 12,000 shares outstanding. If has declared $1.90 of dividend per share (DPS) Exdividend date is tomorrow. What is the stock price today? What will be the stock price tomorrow? What will be the equity value after paying dividend? (10 points)

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