2.99 See Answer

Question: The market value balance sheet for Murray

The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 25 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 11,000 shares of stock outstanding. What will the ex-dividend price be?
The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 25 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 11,000 shares of stock outstanding. What will the ex-dividend price be?


2.99

See Answer