Question
The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $0.35 per share, and there are 13,000 shares of stock outstanding. The
The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $0.35 per share, and there are 13,000 shares of stock outstanding. The market-value balance sheet for Payout is shown below. Ignore taxes.
| Assets | Liabilities and Equity | ||||
| Cash | $120,000 | Equity | $1,040,000 | ||
| Fixed assets | 920,000 | ||||
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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Biblical Finance Reflections On Money Wealth And Possessions
Authors: Mark Lloydbottom, Keith Tondeur
1st Edition
0956395023, 978-0956395023
