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The balance sheet for the Firefox Corp. is shown here in market value terms. There are 8,900 shares of stock outstanding. The company has declared
The balance sheet for the Firefox Corp. is shown here in market value terms. There are 8,900 shares of stock outstanding. The company has declared a dividend of $1.06 per share. The stock goes ex-dividend tomorrow. Ignoring any tax effects, what is stock selling for today? What will it sell for tomorrow? After the dividend, what will be the value of shares and of cash for an inves with 110 shares? Enter your answers rounded to 2 DECIMAL PLACES. What is the stock selling for today? Correct response: 21.20.01 What will the stock sell for tomorrow? Suppose that Firefox Corp. has announced it is going to repurchase stock instead of paying out dividends. What effect will the repurchase have on an investor who currently holds 110 shares and sells 5.5 of those shares back to the company in the repurchase at the market price per share of $21.2 (i.e., what are the values of the investor's shares and cash)? Enter your answers rounded to 2 DECIMAL PLACES. What will be the value of the investor's shares after the share repurchase? What will be the value of the investor's cash after the share repurchase? Click "Verify" to proceed to the next part of the
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