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The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $.50 per share, and there are 25,000 shares of stock outstanding. The

The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $.50 per share, and there are 25,000 shares of stock outstanding. The market-value balance sheet for Payout is shown below. Ignore taxes. Assets Liabilities and Equity Cash $ 150,000 Equity $1,100,000 Fixed assets 950,000 a. What price is Payout stock selling for today? Price $ b. What price will it sell for tomorrow? (Round your answer to 2 decimal places.) Price $

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