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The balance sheet for Sinking Ship Corp. is shown here in market value terms. There...

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Finance

The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding.

Market Value Balance Sheet
Cash $ 45,300 Equity $ 515,300
Fixed assets 470,000
Total $ 515,300 Total $ 515,300

The company has declared a dividend of $1.60 per share. The stock goes ex dividend tomorrow.

Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.)

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