Question
The market value balance sheet for Bigham Manufacturing is shown here. Market Value Balance Sheet Cash $154,000 Debt $133,000 Fixed assets 598,000 Equity 619,000 Total
The market value balance sheet for Bigham Manufacturing is shown here.
| Cash | $154,000 | Debt | $133,000 |
|---|---|---|---|
| Fixed assets | 598,000 | Equity | 619,000 |
| Total | $752,000 | Total | $752,000 |
Bigham has declared a 34% stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are currently 47,177 shares outstanding.
What is the price on the ex-dividend date? (Round answer to 2 decimal places. Do not round intermediate calculations).
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Essential Personal Finance A Practical Guide For Students
Authors: Lien Luu, Jonquil Lowe, Jason Butler, Tony Byrne
1st Edition
1138692956, 978-1138692954
