Question: The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 28, 000 shares of stock outstanding. The company has

The balance sheet for Throwing Copper, Inc., is shown here in

The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 28, 000 shares of stock outstanding. The company has declared a dividend of $.80 per share. The stock goes ex dividend tomorrow. Ignore all tax effects. What is the stock selling for today? What will it sell for tomorrow? What will the balance sheet look like after the dividends are paid

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