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The stock of Payout Corporation will go ex-dividend tomorrow. The dividend will be $0.75 per share, and there are 25,000 shares of stock outstanding. The
The stock of Payout Corporation will go ex-dividend tomorrow. The dividend will be $0.75 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 $ 200,000 Equity $ 1,200,000 Fixed assets 1,000,000
What price is Payout stock selling for today?
What price will it sell for tomorrow?
The stock of Payout Corporation will go ex-dividend tomorrow. The dividend will be $0.75 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 | $ 200,000 | Equity | $ 1,200,000 |
| Fixed assets | 1,000,000 |
What price is Payout stock selling for today?
What price will it sell for tomorrow?
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