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Ignoring any tax effects-what will it sell for tomorrow

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Reference no: EM131350634

The balance sheet for Ferguson Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding.

Market Value Balance Sheet

Cash $ 45,400 Equity $ 525,400

Fixed assets 480,000

Total $ 525,400 Total $ 525,400

The company has declared a dividend of $1.70 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Stock price $ per share

Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Stock price $ per share

Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.)

Balance Sheet

Cash $ Equity $

Fixed assets

Total $ Total $

Reference no: EM131350634

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