tock Dividends [LO3] The market value balance sheet for Vena Sera Manufacturing is shown here. Vena Sera has declared a 25 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 12,000 shares of stock outstanding. What will the ex-dividend price be? Market Value Balance Sheet Cash Fixed assets Total $ 38,500 270,000 $308,500 Equity Total $308,500 $308,500 Market Value Balance Sheet Cash Fixed assets Total $ 93,000 509,000 $602,000 Debt Equity Total $131,000 471,000 $602,000

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
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  1. tock Dividends [LO3] The market value balance sheet for Vena Sera Manufacturing is shown here. Vena Sera has declared a 25 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 12,000 shares of stock outstanding. What will the ex-dividend price be?

Market Value Balance Sheet

Cash
Fixed assets

Total

$ 38,500

270,000 $308,500

Equity Total

$308,500 $308,500

Market Value Balance Sheet

Cash
Fixed assets

Total

$ 93,000

509,000 $602,000

Debt

Equity Total

$131,000

471,000 $602,000

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