The balance sheet for the Firefox Corp. is shown here in market value terms. There...
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The balance sheet for the Firefox Corp. is shown here in market value terms. There are 11,200 shares of stock outstanding. Market Value Balance Sheet Equity $147,840 Cash Fixed Assets Total $29,700 $118,140 $147,840 Total $147,840 The company has declared a dividend of $2.64 per share. The stock goes ex-dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? What will it sell for tomorrow? After the dividend, what will be the value of shares and of cash for an investor with 100 shares? Enter your answers rounded to 2 DECIMAL PLACES What is the stock selling for today? 13.20 Correct response: 13.20.01 What will the stock sell for tomorrow? 10.56 Correct response: 10.5600.01 What will be the value of the investor's shares after the stock dividend? 1056.00 Correct response: 1,05610.01 What will be the value of the investor's cash after the dividend? 264.00 Correct response: 264+0.01 Click "Verify" to proceed to the next part of the question. Note: This question has 3 parts, so you will be clicking Verify 3 times. Suppose that Firefox Corp. has announced it is going to repurchase stock instead of paying out dividends. What effect will the repurchase have on an investor who currently holds 100 shares and sells 20 of those shares back to the company in the repurchase at the market price per share of $13.2 (i.e., what are the values of the investor's shares and cash)? Enter your answers rounded to 2 DECIMAL PLACES. What will be the value of the investor's shares after the share repurchase? Number What will be the value of the investor's cash after the share repurchase? Number
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