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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 $ 176,000
Fixed assets 557,040 Equity $ 733,040
Total $ 733,040 Total $ 733,040
The company has declared a dividend of $1.60 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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