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A company's balance sheet is shown in terms of market values, not book values. There are 14,000 shares of stock outstanding. $100,000 Equity $400,000 Fixed
A company's balance sheet is shown in terms of market values, not book values. There are 14,000 shares of stock outstanding. $100,000 Equity $400,000 Fixed Assets 300,000 Total $400,000 Total $400,000 Cash The company has declared a dividend of $4 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects and market imperfections, what will the stock sell for tomorrow? Enter your answer in the box shown below with 2 digits to the right of the decimal point
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