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The balance sheet for Chevelle Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet
The balance sheet for Chevelle Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets $44,200 Equity 360,000 $404,200 404,200 Total Total $404,200 The company has declared a dividend of $1.90 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Round your answer to 2 decimal places. (e.g., 32.16)) Stock selling price per share Ignoring any tax effects, what will it sell for tomorrow? (Round your answer to 2 decimal places. (e.g., 32.16)) Stock selling price per share Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? Cash Fixed assets Total Balance Sheet Equity Total
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