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The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $1.5 per share, and there are 50,000 shares of stock outstanding. The
The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $1.5 per share, and there are 50,000 shares of stock outstanding. The market-value balance sheet for Payout is shown below. a. What price is Payout stock selling for today? (Round your answer to 2 decimal places.) b. What price will it sell for tomorrow? Ignore taxes. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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