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What will the ex-dividend stock price be

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Reference no: EM132043927

The market value balance sheet for Air Taxi is shown below. Air taxi has declared a stock dividend of 28%. The stock goes ex-dividend tomorrow, with 28,000 shares outstanding.

What will the ex-dividend stock price be?

  • Shares outstanding 28,000
  • Stock dividend 28%

              Market Value Balance Sheet

Cash            $295,000      Debt       $180,000  

Fixed assets     $540,000      Equity    $655,000  

Total                 $835,000      Total      $835,000

Reference no: EM132043927

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