Question: Regular Dividends The balance sheet for Tempest, Inc., is shown here in market value terms. There are 19,000 shares of stock outstanding. Market Value Balance

 Regular Dividends The balance sheet for Tempest, Inc., is shown here

Regular Dividends The balance sheet for Tempest, Inc., is shown here in market value terms. There are 19,000 shares of stock outstanding. Market Value Balance Sheet Cash $120,000 Fixed assets 476,600 Equity $596,600 Total $596,600 Total $596,600 The company has declared a dividend of $1.15 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? What will it sell for tomorrow? What will the balance sheet look like after the dividends are paid

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