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The balance sheet for Contrail Air, Inc. is presented below, in market value terms. The company has 13,000 shares outstanding and declares a dividend of
The balance sheet for Contrail Air, Inc. is presented below, in market value terms. The company has 13,000 shares outstanding and declares a dividend of $1.30 per share.
Ignoring any tax effects, what will the stock sell for ex-dividend
- Shares outstanding13,000
- Dividend per share$1.30
Market Value Balance Sheet
Cash $55,000 Equity$465,000
Fixed assets$410,000
Total $465,000 Total$465,000
$34.47
$46.50
$37.07
$27.51
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