Question
Market Value Statement of Financial Position Cash $2,00,000 Dividends Payable $- Fixed Assets $4,00,000 Equity $6,00,000 Total $6,00,000 Total $6,00,000 Total number of common shares
Market Value Statement of Financial Position Cash $2,00,000 Dividends Payable $- Fixed Assets $4,00,000 Equity $6,00,000 Total $6,00,000 Total $6,00,000 Total number of common shares outstanding: 20,000 Dividend per share: $2.00
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 all the working, thanks !
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