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The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 30 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 20,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $ 141,000 750,000 $ 891,000 Ex-dividend price Debt Equity Total $ 291,000 600,000 $ 891,000 What will the ex-dividend price be? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 30 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 20,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $ 141,000 750,000 $ 891,000 Ex-dividend price Debt Equity Total $ 291,000 600,000 $ 891,000 What will the ex-dividend price be? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

Essentials Of Investments
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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Subject:- finance 

The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 30 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 20,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $ 141,000 Debt 750,000 Equity $ 891,000 Ex-dividend price Total $ 291,000 600,000 $ 891,000 What will the ex-dividend price be? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
Transcribed Image Text:The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 30 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 20,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $ 141,000 Debt 750,000 Equity $ 891,000 Ex-dividend price Total $ 291,000 600,000 $ 891,000 What will the ex-dividend price be? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
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