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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 outstanding 13,000 Dividend per share $1.30 Market Value Balance Sheet sh$5000 uity $465.00 $55,000 Equity $465,000 Fixed assets $410,000 Total Total $465,000 O $27.51 $37.07 O $34.47 $46.50
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