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a Cho's market value balance sheet shows cash of $485,000; fixed assets of $1,200,000, and equity of $878,000. There are 24,000 shares of stock outstanding.
a Cho's market value balance sheet shows cash of $485,000; fixed assets of $1,200,000, and equity of $878,000. There are 24,000 shares of stock outstanding. The company has declared a dividend of $1.50 per share. The stock goes ex-dividend tomorrow. Ignore any tax effects. What will be the firm's market equity value after the dividend is paid? $819,560 $804,880 thon O $914,000 O $842,000 $878,000
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