The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a stock...
The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a stock dividend of 15 percent. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend).
| Market Value Balance Sheet | ||||||
| Cash | $ | 87,000 | Debt | $ | 146,000 | |
| Fixed assets | 710,000 | Equity | 651,000 | |||
| Total | $ | 797,000 | Total | $ | 797,000 | |
|
There are 22,000 shares of stock outstanding. What is the current share price? |
| Current share price |
What will the ex-dividend price be?
| Ex-dividend price per share |
Homework Answers
What is the current share price
=651000/22000
=29.59
Ex-dividend price per share
=651000/(22000*(1+15%))
=25.73
the above is answer..
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