Question
The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 24 percent stock dividend. The stock goes ex dividend
| The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 24 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 17,000 shares of stock outstanding. |
| Market Value Balance Sheet | |||
| Cash | $ 162,000 | Debt | $ 149,000 |
| Fixed assets | 317,000 | Equity | 330,000 |
| Total | $ 479,000 | Total | $ 479,000 |
| What is the stock price today? |
| What will the ex-dividend price be? |
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History Of Financial Institutions Essays On The History Of European Finance 1800–1950
Authors: Carmen Hofmann , Martin L. Müller
1st Edition
1138325007, 978-1138325005
