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

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The balance sheet for Kare Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash $44,300 Equity Fixed 370,000 assets $ 414,300 Total $ 414,300 Total $ 414,300 The company has declared a dividend of $2.00 per share. The stock goes ex dividend tomorrow. a. 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.) b. Ignoring any tax effects, what will the stock sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. a. Stock price Stock price 82.86 82.86 b. $ c. Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? Answer is complete and correct. $ 404,300 Cash Fixed assets Total Market Value Balance Sheet 34,300 Equity 370,000 404,300 Total 404,300

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