What is the best estimate of ex-dividend stock price

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Reference no: EM131354217

Metal Fabricators recently sold its poorest performing division and realized netproceeds from the transaction of $1.63 million. The firm has 320,000 shares of stock outstanding and a market price of $49 a share. The firm is now preparing to distribute the entire sale proceeds in the form of a liquidating dividend. What is the best estimate of the ex-dividend stock price? Ignore taxes and market imperfections.

$43.91

$41.38

$44.40

$43.79

$44.14

Reference no: EM131354217

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