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The balance sheet for Magic Carpet is shown below in market value terms there are 20,000 shares of stock outstanding

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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