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The market value balance sheet for Sci-Fi Crimes Manufacturing is shown here. Sci-Fi Crimes has declared a 10 percent stock dividend. The stock goes ex
The market value balance sheet for Sci-Fi Crimes Manufacturing is shown here. Sci-Fi Crimes has declared a 10 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 | $ | 91,000 | Debt | $ | 150,000 | |
Fixed assets | 750,000 | Equity | 691,000 | |||
Total | $ | 841,000 | Total | $ | 841,000 | |
There are 26,000 shares of stock outstanding. What is the current share price? (Round your answer to 2 decimal places. (e.g., 32.16)) |
New stock price | $ per share |
What will the ex-dividend price be? (Round your answer to 2 decimal places. (e.g., 32.16)) |
Ex-dividend price | $ |
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