The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	44,200		Equity	$	404,200
Fixed assets		360,000
Total	$	404,200		Total	$	404,200

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?

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

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

Cash: Equity:

Fixed assets: ----------

Total: Total: