The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 15 percent stock dividend. The stock goes ex dividend
The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 15 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 25,000 shares of stock outstanding.
| Market Value Balance Sheet | |||||||
| Cash | $ | 161,000 | Debt | $ | 551,000 | ||
| Fixed assets | 990,000 | Equity | 600,000 | ||||
| Total | $ | 1,151,000 | Total | $ | 1,151,000 | ||
What will the ex dividend price be?
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Authors: Martin S. Navias
1st Edition
1787381366, 978-1787381360
