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(Dividend Distribution) The market value of the balance sheet for International Cinema B.S.C shows the following items: Market value of B/S Amount ($) Amount ($)
(Dividend Distribution)
The market value of the balance sheet for International Cinema B.S.C shows the following items:
Market value of B/S Amount ($) Amount ($) Cash 105,800 Equity market value 525,800 Fixed Assets 420,000 Total Assets 525,800 Total 525,800 Additional information: Common shares outstanding Declared dividends Ex-dividend Date Payment date 25,000 DPS = $1.5 Per share Tomorrow 25.07.2021 a. Ignoring tax effects, what is the stock price for today? (1 mark) b. What will be the stock price for tomorrow? (1 mark) C. If you have 200 shares of International Cinema B.S.C and you decided to sell 100 shares today, how much cash dividends you will get on 25.07.2021? (1 mark) d. What will the balance sheet of International Cinema B.S.C looks like after the dividends' distribution (payment)? (2 marks)
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