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

Problem 19-5 Regular Dividends The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding Market Value Balance Sheet $ 44,300 Equity $414,300 Cash Fixed assets 370,000 Total $ 414,300 Total $ 414,300 The company has declared a dividend of $2.00 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.) Current stock price $ 82.86 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.) New stock price Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Market Value Balance Sheet 34300 Equity 370000 406300 404300 Cash Fixed assets Total Total
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