The statement of financial position for Knox Corp is shown here in market value terms There are 9,000 shares of stock outstanding The company has declared a dividend of $1 40 per share The stock goes ex dividend tomorrow Ignoring any tax effects, what is the stock selling for today What will it sel...

The stock price is the total market value of equity divided by the shar ...

The statement of financial position for Knox Corp. is shown here in market value terms. There are

Question:

The statement of financial position for Knox Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding.

Market Value Statement of Financial Position $ 43,700 Cash $353,700 Equity Fixed assets Total 310,000 Total $353,700 $35

The company has declared a dividend of $1.40 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? What will it sell for tomorrow? What will the statement of financial position look like after the dividends are paid?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...