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The balance sheet for Quinn Corporation is shown here in market value terms. There are 2 5 , 0 0 0 shares of stock outstanding.

The balance sheet for Quinn Corporation is shown here in market value terms. There are 25,000 shares of
stock outstanding.
The company has declared a dividend of $.90 per share. The stock goes ex dividend tomorrow. Ignore any
tax effects.
a. What is the stock selling for today?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,
32.16.
b. What will it sell for tomorrow?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,
32.16.
a. Stock price today
b. Stock price tomorrow
c. What will the balance sheet look like after the dividends are paid?
Note: Do not round intermediate calculations and round your answers to the nearest whole
number, e.g.,32.
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