The stock of Payout Corporation will go ex-dividend tomorrow. The dividend will be $0.65 per share, and there are 29,000 shares of stock outstanding. The market-value balance sheet for Payout is shown below. Ignore taxes. Assets Cash Fixed assets : $ 180,000 ; 980,000 a. Price b. Price Liabilities and Equity Equity $ 1,160,000 a. What price is Payout stock selling for today? b. What price will it sell for tomorrow? Note - For all requirements, round your answer to 2 decimal places.
