The balance sheet for Ferguson Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 45,400 Equity $ 525,400 Fixed assets 480,000 Total $ 525,400 Total $ 525,400 The company has declared a dividend of $1.70 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Stock price $ per share Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Stock price $ per share Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) Balance Sheet Cash $ Equity $ Fixed assets Total $ Total $
The balance sheet for Ferguson Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 45,400 Equity $ 525,400 Fixed assets 480,000 Total $ 525,400 Total $ 525,400 The company has declared a dividend of $1.70 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Stock price $ per share Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Stock price $ per share Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) Balance Sheet Cash $ Equity $ Fixed assets Total $ Total $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
|
The |
| Market Value Balance Sheet | ||||||
| Cash | $ | 45,400 | Equity | $ | 525,400 | |
| Fixed assets | 480,000 | |||||
| Total | $ | 525,400 | Total | $ | 525,400 | |
| The company has declared a dividend of $1.70 per share. The stock goes ex dividend tomorrow. |
|
Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| Stock price | $ per share |
|
Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| Stock price | $ per share |
| Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) |
| Balance Sheet | ||||||
| Cash | $ | Equity | $ | |||
| Fixed assets | ||||||
| Total | $ | Total | $ | |||
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