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What will balance sheet look like after dividends are paid

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Reference no: EM132995912

The balance sheet for Tempest, Inc., is shown here in market value terms. There are 19,000 shares of stock outstanding.

Market Value Balance Sheet

Cash $120,000
Fixed assets $476,600
Equity $596,600
Total $596,600

The company has declared a dividend of $1.15 per share. The stock goes ex dividend tomorrow. Ignore any tax effects.

Problem a. What is the stock selling for today?

Problem b. What will it sell for tomorrow?

Problem c. What will the balance sheet look like after the dividends are paid?

Reference no: EM132995912

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