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The balance sheet for the Firefox Corp. is shown here in market value terms. There are 9,700 shares of stock outstanding. Market Value Balance
The balance sheet for the Firefox Corp. is shown here in market value terms. There are 9,700 shares of stock outstanding. Market Value Balance Sheet Cash Fixed Assets $25,500 $96,720 Equity $122,220 Total $122,220 Total $122,220 The company has declared a dividend of $2.52 per share. The stock goes ex-dividend tomorrow. Ignoring any tax effects, what is the 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 investor with 80 shares? Enter your answers rounded to 2 DECIMAL PLACES. What is the stock selling for today? 12.60 Correct response: 12.60.01 What will the stock sell for tomorrow? 10.08 Correct response: 10.080.01 What will be the value of the investor's shares after the stock dividend? 97776 Correct response: 806.40.01 What will be the value of the investor's cash after the dividend? 1056 Correct response: 201.60.01
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