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Q1. The balance sheet for Firth Group is provided below in market value terms. There are 12,000 shares outstanding. The company has declared a dividend

image text in transcribed Q1. The balance sheet for Firth Group is provided below in market value terms. There are 12,000 shares outstanding. The company has declared a dividend of $1.9 per share. The stock goes ex dividend tomorrow. Assume zero tax rate. Answer the following questions. [2 marks] a) What is the stock price selling today? b) What is the stock price selling tomorrow? c) If the dividend tax rate is 10% and there is no capital gain tax, is the stock pricing selling tomorrow greater, lower, or equal to the answer you got in b)? Why

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