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The balance sheet for Imagine Corp. is shown here in market value terms. There are 3,000 shares of stock outstanding.
The balance sheet for Imagine Corp. is shown here in market value terms. There are 3,000 shares of stock outstanding.
Market Value Balance Sheet Cash
$
36,000
Equity
$
179,000
Fixed assets
143,000
Total
$
179,000
Total
$
179,000
Topic: Repurchase of Stock
The company has declared a dividend of $1.94 per share. The stock will go ex-dividend tomorrow. Ignore taxes.
a) What is the stock selling for today? (Round answer to 2 decimal places. Do not round intermediate calculations)