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A market value balance sheet shows cash of $91,000; fixed assets of $327,000, and equity of $418,000. There are 16,000 shares of stock outstanding. The
A market value balance sheet shows cash of $91,000; fixed assets of $327,000, and equity of $418,000. There are 16,000 shares of stock outstanding. The company has declared a dividend of $.82 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?
$372,020
$404,880
$419,560
$418,000
$397,810
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