Question: The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 25,000 shares of stock outstanding. Market Value Balance Sheet

The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 25,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 131,000 Fixed assets 510,000 Equity $ 641,000 Total $ 641,000 Total $ 641,000 The company has declared a dividend of $1.10 per share. The stock goes ex dividend tomorrow. Ignore all tax effects.

What is the stock selling for today? Stock price $ ?

What will it sell for tomorrow? Stock price $ ?

What will the balance sheet look like after the dividends are paid?

Cash $ ?

Fixed assets $?

Total $ ?

Equity $ ?

Total $ ?

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