Question 3 a. The balance sheet for Ramlesia Berhad is shown here in market value...
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Question 3 a. The balance sheet for Ramlesia Berhad is shown here in market value terms. There are 12.000 shares of stock outstanding Cash Market Value Balance Sheet $ 58,000 Equity 5503,000 445,000 $503,000 Total 5503,000 Fixed Assets Total 1. The company has declared a dividend of $1.90 per share. The stock goes ex-dividend tomorrow. Ignoring any tax effects, calculate and determine the stock selling for today. What will it sell for tomorrow? Illustrate the company's balance sheet form after the dividends are paid. [6 marks)
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