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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.
The company has declared a dividend of $.80 per share. The stock goes ex dividend tomorrow. Ignore any tax effects.
a. What is the stock selling for today?
Note: Do not round Intermedlate calculatlons and round your answer to 2 declmal places, e.g.,32.16.
b. What will it sell for tomorrow?
Note: Do not round Intermedlate calculatlons and round your answer to 2 decimal places, e.g.,32.16.
\table[[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 Intermedlate calculatlons and round your answers to the nearest whole number, e.g.,32.
\table[[Cash,,,],[Fixed assets,,Equity,],[Total,,Total,]]
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