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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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