Question: P19-5. Regular Dividends The balance sheet for Levy Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value

 P19-5. Regular Dividends The balance sheet for Levy Corp. is shownhere in market value terms. There are 10,000 shares of stock outstanding.

P19-5. Regular Dividends The balance sheet for Levy Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 45,400 Fixed assets 480,000 Equity Total $525,400 Total $ 525,400 $ 525,400 The company has declared a dividend of $1.70 per share. The stock goes ex-dividend tomorrow. Ignoring any tax effects. What is the stock selling for today? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Current stock price $0 per share What will it sell for tomorrow? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) New stock price $ [ per share What will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) Market Value Balance Sheet Cash Fixed assets $ Equity Total A Total

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