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Problem 17-5 How Corporations Pay Dividends (LO1) The stock of Payout Corporation will go ex-dividend tomorrow. The dividend will be $0.40 per share, and there
Problem 17-5 How Corporations Pay Dividends (LO1) The stock of Payout Corporation will go ex-dividend tomorrow. The dividend will be $0.40 per share, and there are 15,000 shares of stock outstanding. The market-value balance sheet for Payout is shown below. Ignore taxes. a. What price is Payout stock selling for today? b. What price will it sell for tomorrow? Note - For all requirements, round your answer to 2 decimal places
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