At the quarterly dividend meeting perfect frame manufacturing declared a $ 2.00 per share dividend for the shareholders as at Monday, march 61. prior to dividend declaration, the firm's key accounts were as follows; cash $ 650000, dividends payable $ 0, retained earnings $2000000.
(A) when is the ex-dividend date?
(B) calculate the amount of dividend payable on march thirty first.
(C) what value would the key accounts have after the thirty 1 march payment date?
(D) all other things being equal, what do you expect to happen to the stock price on the ex-dividend date?
(E) what is the net effect of declaring and paying dividends on the total assets of perfect frame manufacturing?