You own 170 shares of stock in Halestorm, Incorporated, that currently sells for $82.30 per share. The company has announced a dividend of $3.00 per share with an ex-dividend date of February 4. Assuming no taxes, what is the value of the stock on February 4?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 19EA: Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600...
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You own 170 shares of stock in Halestorm, Incorporated, that currently sells for $82.30 per share. The company has announced a dividend of $3.00 per share with an ex-dividend date of February 4. Assuming no taxes, what is the value of the stock on February 4?

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