The balance sheet for Magic Carpet is shown below in market value terms there are 20,000 shares of stock outstanding
Regular dividends
The balance sheet for Magic Carpet is shown below in market value terms there are 20,000 shares of stock outstanding
Market Value Balance sheet
Cash $50,000
Fixed assets 250,000 Equity $300,000
Total $300,000 Total $300,000
The company has declared a dividend of $1.10 per share. The stock goes ex dividend tomorrow, ignoring any tax effects what is the stock selling for today? what will it sell for tomorrow what will the balance sheet look like after the dividends are paid?
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