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(Solution Download) The market value balance sheet for Sci-Fi Crimes Manufacturing is shown here. Sci-Fi Crimes has decl


 

 

 

 

 

 

 

The market value balance sheet for Sci-Fi Crimes Manufacturing

 

is shown here. Sci-Fi Crimes has declared a 10 percent stock

 

dividend. The stock goes ex dividend tomorrow (the chronology for a

 

stock dividend is similar to that for a cash dividend).

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Market Value Balance Sheet

  Cash$96,000  Debt$155,000
  Fixed assets800,000  Equity741,000

 

     Total

$896,000

 

     Total

$896,000

 

  

 

 

 

 

 

 

 

 

There are 31,000 shares of stock outstanding. What is the

 

current share price? (Round your answer to 2 decimal

 

places. (e.g., 32.16))

 

 

  

 

 

 

 

 

 

 

 

  New stock price

 

$  per share

 

  

 

 

 

 

 

 

 

 

What will the ex-dividend price be? (Round your answer

 

to 2 decimal places. (e.g., 32.16))

 

 

  

 

 

 

 

 

 

 

 

   Ex-dividend

 

price

 

$   

 


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