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Your firm has 25,000 shares of common stock outstanding. Your balance sheet follows:
Cash 600,000 debt 750,000
Fixed assets 3,600,000 Equity 3,450,000
Your firm has declared a 60% stock dividend, and the stock goes ex-dividend tomorrow. Ignore any tax effects.
What is the stock price today?
$168
$86.25
$282
$144
$138
What will be the stock price tomorrow?
Group of answer choices
$86.25
$168
$282
$144
What will be the stock price tomorrow?
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