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Yorkie Puppy Care is an all-equity firm with 17,700 shares of stock outstanding and the market value of the firm's equity is equal to the
Yorkie Puppy Care is an all-equity firm with 17,700 shares of stock outstanding and the market value of the firm's equity is
equal to the market value of its total assets. The company has declared a dividend of $3.45 per share. The stock goes ex-dividend tomorrow. Given the following Market Value Balance Sheet data and ignoring any tax effects, what is the stock selling for tomorrow?
Market value of cash = $52,100; market value of fixed assets = $552,360; total market value of assets = $504,460
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