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What is price of the stock selling for today

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Reference no: EM132944738

Below is the balance sheet for Bersatu Corporation. There are 11,000 shares of stock outstanding. The company has declared a dividend of RM1.60 per share. The stock goes ex dividend tomorrow. Ignore any tax effects.

Market Value                         Balance Sheet

Cash RM 42,500

Fixed Aset RM280,000         Equity RM322,500

Total RM 322,500               Total RM322,500

Required:

Problem i. What is price of the stock selling for today.

Problem ii. Calculate the stock selling tomorrow.

Reference no: EM132944738

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