The balance sheet for Levy Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding.

Market Value Balance Sheet

Cash $ 44,400 Equity $ 424,400 Fixed assets 380,000 Total $ 424,400 Total $ 424,400 The company has declared a dividend of $1.20 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 selling price = how many $ per share?

Ignoring any tax effects, what will the stock sell for tomorrow?

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

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