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(Solved): What will the balance sheet look like after the dividends are paid The balance sheet for Quinn Corpo ...
What will the balance sheet look like after the dividends are paid
The balance sheet for Quinn Corporation is shown here in market value terms. There are 10,000 shares of stock outstanding. The company has declared a dividend of per share. The stock goes ex dividend tomorrow. Ignoring any 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.)
Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.)
Expert Answer
Given informationMarket value of equity=$404,200No. of shares outstanding= 10,000Dividend declared per share= $1.90Required:Today's stock price per=?hence' this si given.