What price is payout stock selling for today? what price, Ask an Expert

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Cash Dividends. The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $0.50 per share, and there are 20,000 shares of stock outstanding. The market-value balance sheet for Payout is shown on the following table.

Assets Liabilities and Equity

Cash $100,000 Equity $1,000,000

Fixed Assets $900,000

a. What price is Payout stock selling for today?

b. What price will it sell for tomorrow? Ignore taxes.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M952475

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