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The balance sheet for Sinking Ship Corporation is shown here to market value terms. There are 14,000 shares of stock outstanding. Market Value Balance Sheet

The balance sheet for Sinking Ship Corporation is shown here to market value terms. There are 14,000 shares of stock outstanding.

Market Value Balance Sheet

Cash $53,700 Equity $438,700

Fixed Assets 385,000

Total $438,700 Total $438,700

The company has declared a dividend of $1.30 per share. The stock goes ex-dividend tomorrow. Ignoring taxes, what is the stock selling for today? What will it sell for tomorrow? What will the balance sheet look like after the dividends are paid?

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