Question
A company has no liabilities, and its total assets have a market value of $266,200. The company has just declared a total dividend of $44,850
A company has no liabilities, and its total assets have a market value of $266,200. The company has just declared a total dividend of $44,850 to equity holders. The stock goes ex-dividend tomorrow. The number of outstanding shares is 35,140. What will be the stock price tomorrow?
|
| $6.30 |
|
| $6.46 |
|
| $6.61 |
|
| $6.77 |
|
| $6.93 |
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
5th Edition
0078110289, 978-0078110283
