solution

solution.

The market value balance sheet for Jiwani Corporation reflects cash of $400,000, fixed assets of $510,000, and equity of $910,000. There are 25,000 shares of stock outstanding with a par value of $1 per share. The company has declared a dividend of $1.20 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. What will be the price of the stock tomorrow morning?

  • $22.40

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  • $38.22

  • $35.20

  • $28.60

  • $36.40

  • Which one of the following dates is used to determine which shareholders will receive a dividend payment?

  • Date of payment

  • Date of record

  • The stock of SolidWare has recently sold for as little as $14.25 per share and as much as $22.50 per share. The difference between these two share prices is called the:

  • price variance.

  • closing price.

  • opening price.

  • trading range.

  • bid-ask spread.

  • Ex-rights date

  • Declaration date

  • Ex-dividend date

solution

 
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