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The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 27,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 117,000 Fixed assets 489,960 Equity $ 606,960 Total $ 606,960 Total $ 606,960 The company has declared a dividend of $1.40 per share. The stock goes ex dividend tomorrow. Ignore all tax effects. What is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price $ What will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price $ What will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Cash $ Fixed assets Equity $ Total $ Total $

Financial Management, Finance

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