The balance sheet for Quinn Corporation is shown here in market value terms. There are 10,000 shares of stock outstanding. Cash Fixed assets wwwwwwww Total Stock price Market Value Balance Sheet $44,200 Equity 360,000 $ 404,200 The company has declared a dividend of $1.90 per share. The stock goes ex dividend tomorrow. Cash Fixed assets Total Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total Answer is complete and correct. $ 40.42 per share Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) $ 404,200 $ 404,200 Balance Sheet Equity 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
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A 106.

Subject:- finance 

The balance sheet for Quinn Corporation is shown here in market value terms. There are
10,000 shares of stock outstanding.
Cash
Fixed assets
Total
Market Value Balance Sheet
$44,200 Equity
360,000
$ 404,200 Total
Stock price
The company has declared a dividend of $1.90 per share. The stock goes ex dividend
tomorrow.
Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g., 32.16.)
Cash
Fixed assets
Total
Answer is complete and correct.
$ 40.42
per
share
$404,200
$ 404,200
Ignoring any tax effects, what will the balance sheet look like after the dividends are
paid? (Do not round intermediate calculations.)
Balance Sheet
Equity
Total
Transcribed Image Text:The balance sheet for Quinn Corporation is shown here in market value terms. There are 10,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $44,200 Equity 360,000 $ 404,200 Total Stock price The company has declared a dividend of $1.90 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash Fixed assets Total Answer is complete and correct. $ 40.42 per share $404,200 $ 404,200 Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) Balance Sheet Equity Total
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