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The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $0.45 per share, and there are 20,000 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 20,000 shares of stock outstanding. The market-value balance sheet for Payout is shown below. Ignore taxes.

Assets Liabilities and Equity
Cash $280,000 Equity $1,360,000
Fixed assets 1,080,000

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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