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
Cash	$	43,800		Equity	$	363,800
Fixed assets		320,000
Total	$	363,800		Total	$	363,800

The company has declared a dividend of $1.50 per share. The stock goes ex-dividend tomorrow.

Ignoring any tax effects, what is the stock selling for today?

Current stock price ____________per share

Ignoring any tax effects, what will it sell for tomorrow?

New stock price ______________ per share

Ignoring any tax effects, what will the balance sheet look like after the dividends are paid?

Market Value Balance Sheet
Cash	$			Equity	$
Fixed assets
Total	$			Total	$