The balance sheet for Chevelle Corp. is shown here in market value terms. There are 9,000 shares
Fantastic news! We've Found the answer you've been seeking!
Question:
| The balance sheet for Chevelle Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding. |
| Market Value Balance Sheet | ||||||
| Cash | $ | 43,700 | Equity | $ | 353,700 | |
| Fixed assets | 310,000 | |||||
| Total | $ | 353,700 | Total | $ | 353,700 | |
| The company has declared a dividend of $1.40 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? |
| Balance Sheet | ||||||
| Cash | $ | Equity | $ | |||
| Fixed assets | ||||||
| Total | $ | Total | $ | |||
|
Expert Answer:
Posted Date:
