Question: 3. The balance sheet for Broncos Corp. is shown here in market value terms. There are 12,000 shares of stock outstanding. Cash Fixed assets Market
3. The balance sheet for Broncos Corp. is shown here in market value terms. There are 12,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $ $ 52,900 Equity 387,900 335,000 Total $ 387,900 Total 387,900 The company has declared a dividend of $1.30 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 balance sheet look like after the dividends are paid
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