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The balance sheet for Fourth Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash

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

Market Value Balance Sheet
Cash $ 43,900 Equity $ 373,900
Fixed assets 330,000
Total $ 373,900 Total $ 373,900

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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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

Current stock price
New stock price

Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Market Value Balance Sheet
Cash Equity
Fixed assets
Total Total

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