The balance sheet for Chevelle Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	44,700		Equity	$	454,700
Fixed assets		410,000
Total	$	454,700		Total	$	454,700

The company has declared a dividend of $1.60 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	$