The balance sheet for Levy Corp. is shown here in

The balance sheet for Levy Corp. is shown here in market value terms. There are 12,000 shares of stock outstanding.

The balance sheet for Levy Corp. is shown here in

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? What will it sell for tomorrow? What will the balance sheet look like after the dividends arepaid?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...