Question: Problem 17-5 Regular Dividends (L01) The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 8,000 shares of stock
Problem 17-5 Regular Dividends (L01) The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $45,600 Equity 545,600 500,000 Total $545,600 Total $545,600 The company has declared a dividend of $1.90 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price per share Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price per share Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) Balance Sheet Equity Cash Fixed assets Total Total
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