Question: Problem 19-5 Regular Dividends The balance sheet for Fourth Corp. is shown here in market value terms. There are 12,000 shares of stock outstanding. Market

 Problem 19-5 Regular Dividends The balance sheet for Fourth Corp. is

Problem 19-5 Regular Dividends The balance sheet for Fourth Corp. is shown here in market value terms. There are 12,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 58,000 Equity $503,000 Fixed 445,000 assets Total $503,000 Total $503,000 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? (Round your answer to 2 decimal places, e.g., 32.16.) 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.) Current stock price New stock price Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) Market Value Balance Sheet Equity Cash Fixed assets Total Total

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