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The balance sheet for Quinn Corporation is shown here in market value terms. There are 2 8 , 0 0 0 shares of stock outstanding.

The balance sheet for Quinn Corporation is shown here in market value terms. There are 28,000 shares of stock outstanding.
Market Value Balance Sheet
Cash $ 130,000
Fixed assets 494,960 Equity $ 624,960
Total $ 624,960 Total $ 624,960
The company has declared a dividend of $1.50 per share. The stock goes ex dividend tomorrow. Ignore any tax effects.
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.
What will it sell for tomorrow?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
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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