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The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Balance Sheet

The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	44,900	Equity	$	474,900
Fixed assets		430,000

Total	$	474,900	Total	$	474,900

The company has declared a dividend of $1.80 per share. The stock goes ex dividend tomorrow.

Ignoring any tax effects, what is the stock selling for today?

Ignoring any tax effects, what will it sell for tomorrow?

Ignoring any tax effects, what will the balance sheet look like after the dividends are paid?

Balance Sheet
Cash	not attempted	Equity	not attempted
Fixed assets	not attempted
Total	not attempted	Total	not attempted

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