Question
The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $0.45 per share, and there are 15,000 shares of stock outstanding. The
The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $0.45 per share, and there are 15,000 shares of stock outstanding. The market-value balance sheet for Payout is shown below. Ignore taxes. Assets Liabilities and Equity Cash $140,000 Equity $1,080,000 Fixed assets 940,000
a. What price is Payout stock selling for today? (Round your answer to 2 decimal places.)
b. What price will it sell for tomorrow? (Round your answer to 2 decimal places.)
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The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals
Authors: Cliff Ennico
1st Edition
081443360X, 978-0814433607
