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The balance sheet for Levy Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. Market Value Balance Sheet Cash

The balance sheet for Levy Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding.

Market Value Balance Sheet
Cash $ 44,000 Equity $ 384,000
Fixed assets 340,000
Total $ 384,000 Total $ 384,000

The company has declared a dividend of $1.70 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 final answer to 2 decimal places. (e.g., 32.16))

Current stock price $ per share

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

New 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.)

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

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