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

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? (Do not round intermediate calculations. Round your answer to 2 decimal places)

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

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	$

Market Value Balance Sheet $45,100 Equity Cash Fixed assets 450,000 Total 495,100 495,100