The market value statement of financial position for McKinley Manufacturing is shown here. McKinley has declared...
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The market value statement of financial position for McKinley Manufacturing is shown here. McKinley has declared a 25% stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Statement of Financial Position $ 83,000 $ 121,000 Cash Fixed 575,000 Debt Equity Total 537,000 assets $ 658,000 $ 658,000 Total There are 13,000 shares of stock outstanding. What is the current share price? (Round the final answer to 3 decimal places. Omit $ sign in your response.) Current share price What will the ex-dividend price be? (Round the final answer to 3 decimal places. Omit $ sign in your response.) Ex-dividend price $ per share per share The market value statement of financial position for McKinley Manufacturing is shown here. McKinley has declared a 25% stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Statement of Financial Position $ 83,000 $ 121,000 Cash Fixed 575,000 Debt Equity Total 537,000 assets $ 658,000 $ 658,000 Total There are 13,000 shares of stock outstanding. What is the current share price? (Round the final answer to 3 decimal places. Omit $ sign in your response.) Current share price What will the ex-dividend price be? (Round the final answer to 3 decimal places. Omit $ sign in your response.) Ex-dividend price $ per share per share
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Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-0077905200
3rd edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
Posted Date:
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