Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $0.85 per share, and there are 31,000 shares of stock outstanding. The market-value balance sheet for Payout is shown below. Ignore taxes.

 

Assets Liabilities and Equity
Cash $220,000   Equity $1,240,000  
Fixed assets 1,020,000        
 

 

a. What price is Payout stock selling for today? (Round your answer to 2 decimal places.)

 

 

 

 


b. What price will it sell for tomorrow? (Round your answer to 2 decimal places.)

 

 

 

 

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