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The following is the abbreviated balance sheet for DiConcini Boats and Yachts. Cash $ 500,000 Debt $ 0 Other Assets $9,500,000 Equity $10,000,000 Shares outstanding
The following is the abbreviated balance sheet for DiConcini Boats and Yachts.
Cash | $ 500,000 | Debt | $ 0 | |
Other Assets | $9,500,000 | Equity | $10,000,000 | |
Shares outstanding = 100,000 |
DiConcini has just paid a cash dividend of $1.00 per share. Show what will likely happen to the firms balance sheet and share price after the dividend payment.
Cash | __________ | Debt | __________ | |
Other Assets | __________ | Equity | __________ |
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