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The market value balance sheet for Desktop Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend
| The market value balance sheet for Desktop Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). |
| Market Value Balance Sheet | ||||||
| Cash | $ | 80,000 | Debt | $ | 139,000 | |
| Fixed assets | 640,000 | Equity | 581,000 | |||
| Total | $ | 720,000 | Total | $ | 720,000 | |
| a. | There are 15,000 shares of stock outstanding. What is the current share price? |
| b. | What will the ex-dividend price be? |
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Social Finance Shadow Banking During The Global Financial Crisis
Authors: Neil Shenai
1st Edition
3030082318, 978-3030082314
