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Metal Fabricators recently sold its poorest performing division and realized netproceeds from the transaction of $1.63 million. The firm has 320,000 shares of stock outstanding
Metal Fabricators recently sold its poorest performing division and realized netproceeds from the transaction of $1.63 million. The firm has 320,000 shares of stock outstanding and a market price of $49 a share. The firm is now preparing to distribute the entire sale proceeds in the form of a liquidating dividend. What is the best estimate of the ex-dividend stock price? Ignore taxes and market imperfections.$43.91 $41.38 $44.40 $43.79 $44.14
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