The following is the abbreviated balance sheet for Boston DuckBoat Company. Cash = $700, Other Assets = $8500, Debt = $0, Equity = $9200, Shares outstanding =100.

What is Duckboat's price per share (based on the balance sheet information)?

$___________

Place your answer in dollars and cents without the dollar sign.

The company just paid a cash dividend of $2.50per share. What will be the new share price (based on the balance sheet information) after the dividend payment?

$________

Place your answer in dollars and cents without the dollar sign.

You Must Get Both Parts Correct to Receive Credit.