The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 25,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 131,000 Fixed assets 510,000 Equity $ 641,000 Total $ 641,000 Total $ 641,000 The company has declared a dividend of $1.10 per share. The stock goes ex dividend tomorrow. Ignore all tax effects.
What is the stock selling for today? Stock price $ ?
What will it sell for tomorrow? Stock price $ ?
What will the balance sheet look like after the dividends are paid?
Cash $ ?
Fixed assets $?
Total $ ?
Equity $ ?
Total $ ?