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What will be the price of the stock tomorrow morning

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Problem 1: The market value balance sheet for XP Corp. reflects cash of $42,000, fixed assets of $319,000, and equity of $237,000. There are 8,000 shares of stock outstanding with a par value of $1 per share. The company has declared a dividend of $1 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. What will be the price of the stock tomorrow morning?

Reference no: EM132805743

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