Question: QUESTION 5 The balance sheet for Apple Pie Corp. is shown here in market value terms. There are 4,000 shares of stock outstanding. Market Value

QUESTION 5 The balance sheet for Apple Pie Corp. is shown here in market value terms. There are 4,000 shares of stock outstanding. Market Value Balance Sheet Equity $207,000 $23,000 Cash Fixed assets 184,000 $207,000 Total $207,000 Total The company has declared a dividend of $1.80 per share. The stock goes ex-dividend tomorrow. Ignore any tax effects. What will the price of the stock be tomorrow? 01.$71.80 O2.$18.90 3. $36.20 04.$49.95 5. $52.15

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