The balance sheet for Quinn Corporation is shown here in market value terms. There are 5,000...

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The balance sheet for Quinn Corporation is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets 390,000 $ 434,500 Total $44,500 Equity $434,500 Total $434,500 The company has declared a dividend of $1.30 per share. The stock goes ex dividend tomorrow. Current stock price New stock price Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Cash Fixed assets Total Market Value Balance Sheet Equity Total The balance sheet for Quinn Corporation is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets 390,000 $ 434,500 Total $44,500 Equity $434,500 Total $434,500 The company has declared a dividend of $1.30 per share. The stock goes ex dividend tomorrow. Current stock price New stock price Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Cash Fixed assets Total Market Value Balance Sheet Equity Total

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1 Calculate the stock price today the stock price tomorrow and the b... View the full answer