The market value balance sheet for Tidwell Manufacturing is shown here. Tidwell has declared a 20 percent

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The market value balance sheet for Tidwell Manufacturing is shown here. Tidwell has declared a 20 percent stock dividend. The stock goes ex-dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 21,000 shares of stock outstanding. What will the ex-dividend price be?

The market value balance sheet for Tidwell Manufacturing is shown


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...
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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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