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The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 25 percent stock dividend. The stock goes ex dividend
The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 25 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 26,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 141,000 Debt $ 303,000 Fixed assets 1,020,000 Equity 858,000 Total $ 1,161,000 Total $ 1,161,000 What will the ex-dividend price be?
The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 25 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 26,000 shares of stock outstanding.
Market Value Balance Sheet
Cash $ 141,000 Debt $ 303,000
Fixed assets 1,020,000 Equity 858,000
Total $ 1,161,000 Total $ 1,161,000
What will the ex-dividend price be?
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