Question
The balance sheet for the Firefox Corp. is shown here in market value terms. There are 9,300 shares of stock outstanding. Market Value Balance Sheet
The balance sheet for the Firefox Corp. is shown here in market value terms. There are 9,300 shares of stock outstanding.
| Market Value Balance Sheet | ||||
| Cash | $25,300 | Equity | $146,940 | |
| Fixed Assets | $121,640 | |||
| Total | $146,940 | Total | $146,940 |
The company has declared a dividend of $0.79 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 90 shares? Enter your answers rounded to 2 DECIMAL PLACES.
What is the stock selling for today?
What will the stock sell for tomorrow?
What will be the value of the investor's shares after the stock dividend?
What will be the value of the investor's cash after the dividend?
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
3rd Edition
0321541642, 9780321541642
