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The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $0.40 per share, and there are 12,000 shares of stock outstanding. The

The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $0.40 per share, and there are 12,000 shares of stock outstanding. The market-value balance sheet for Payout is shown on the following table. Ignore taxes.

Assets Liabilities and Equity
Cash $ 150,000 Equity $1,080,000
Fixed assets 930,000

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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