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The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. The company has declared a
The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. 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. Round the final answer to 2 decimal places. Omit $ sign in your response.) Current stock price $ per share What will it sell for tomorrow? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit \$ sign in your response.) New stock price $ per share What will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations. Omit $ sign in your response.)
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