Question
The market value balance sheet for Bigham Manufacturing is shown here. Market Value Balance Sheet Cash $142,000 Debt $123,000 Fixed assets 594,000 Equity 613,000 Total
The market value balance sheet for Bigham Manufacturing is shown here.
| Cash | $142,000 | Debt | $123,000 |
|---|---|---|---|
| Fixed assets | 594,000 | Equity | 613,000 |
| Total | $736,000 | Total | $736,000 |
Bigham has declared a 36% 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 53,829 shares outstanding.
What is the stock price today? (Round answer to 2 decimal places. Do not round intermediate calculations)
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Fundamentals Of Investments
Authors: Charles J. Corrado
3rd Edition
0072829192, 978-0072829198
