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The balance sheet for Ferguson Corp. is shown here in market value terms. There are 7,000 shares of stock outstanding. Market Value Balance Sheet Cash

The balance sheet for Ferguson Corp. is shown here in market value terms. There are 7,000 shares of stock outstanding.

Market Value Balance Sheet
Cash $ 44,100 Equity $ 394,100
Fixed assets 350,000
Total $ 394,100 Total $ 394,100

The company has declared a dividend of $1.80 per share. The stock goes ex dividend tomorrow.

Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Stock price $ per share

Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Stock price $ per share

Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.)

Balance Sheet
Cash $ Equity $
Fixed assets
Total $ Total $

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