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A firm has a stock account of $3,000,000 (at $0.25 par), Yesterday's closing price is $22.25, Today the firm paid $0.35 dividend and closing price is $22.20
(A) Determine firm's capitalization at the end of yesterday.
(B) Determine the firm's capitalization at the end of today.
(C) Did the firm's shares lose or gain value between yesterday and today? Calculate the amount of the shareholders loss or gain. Round the answer to one decimal place.
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