Question: The balance sheet for Ferguson Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. Market Value Balance Sheet Cash
| The balance sheet for Ferguson Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. |
| Market Value Balance Sheet | ||||||
| Cash | $ | 45,600 | Equity | $ | 545,600 | |
| Fixed assets | 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. 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. 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 | ||||||
| Cash | = ?? | Equity | = ?? $ | |||
| Fixed assets | = ?? | |||||
| Total | = ?? | Total | = ?? $ | |||
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