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The balance sheet for Burberry is shown below in market value terms. There are 2.5 billion shares outstanding. Market value balance sheet (million) Cash
The balance sheet for Burberry is shown below in market value terms. There are 2.5 billion shares outstanding. Market value balance sheet (million) Cash 7,450 Non-current assets Total 13,750 21,200 Equity Liabilities Total 17,050 4,150 21,200 The company has declared a dividend of 0.65 per share and the equity goes ex dividend tomorrow. Ignoring any tax effects, what is the share price today and what will the share price be tomorrow? What will the new market value balance sheet look like after the dividends are paid?
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
