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The market value balance sheet for Vena Sera Manufacturing is shown here. Vena Sera has declared a 30 percent stock dividend. The stock goes ex
The market value balance sheet for Vena Sera Manufacturing is shown here. Vena Sera has declared a 30 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 14,000 shares of stock outstanding. |
Market Value Balance Sheet | |||
Cash | $171,000 | Debt | $184,000 |
Fixed assets | 323,000 | Equity | 310,000 |
Total | $494,000 | Total | $494,000 |
Required: |
(a) | What is the stock price today? |
(Click to select)$21.04$22.14$23.25$21.70$22.59 |
(b) | What will the ex-dividend price be? |
(Click to select)$22.14$17.03$16.35$28.79$17.71 |
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