Question: Chapter 17 Assignment 2 12.5 points Skipped eBook Saved Problem 17-5 How Corporations Pay Dividends (LO1) The stock of Payout Corp. will go ex-dividend

Chapter 17 Assignment 2 12.5 points Skipped eBook Saved Problem 17-5 How

Chapter 17 Assignment 2 12.5 points Skipped eBook Saved Problem 17-5 How Corporations Pay Dividends (LO1) The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $0.85 per share, and there are 31,000 shares of stock outstanding. The market-value balance sheet for Payout is shown below. Ignore taxes. Assets Cash Fixed assets Liabilities and Equity $220,000 1,020,000 Equity $1,240,000 a. What price is Payout stock selling for today? (Round your answer to 2 decimal places.) Price Hint Print References b. What price will it sell for tomorrow? (Round your answer to 2 decimal places.) Price 4

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