The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $ 98,000 Debt $ 157,000 Fixed assets 820,000 Equity 761,000 Total $ 918,000 Total $ 918,000 There are 33,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Current stock price $ What will the ex-dividend price be? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Ex-dividend price $
The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $ 98,000 Debt $ 157,000 Fixed assets 820,000 Equity 761,000 Total $ 918,000 Total $ 918,000 There are 33,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Current stock price $ What will the ex-dividend price be? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Ex-dividend price $
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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The market value |
Market Value Balance Sheet | ||||||
Cash | $ | 98,000 | Debt | $ | 157,000 | |
Fixed assets | 820,000 | Equity | 761,000 | |||
Total | $ | 918,000 | Total | $ | 918,000 | |
There are 33,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
Current stock price | $ |
What will the ex-dividend price be? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
Ex-dividend price | $ |
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