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The Balance Sheet for Quik Treats,Inc

Question 93

Multiple Choice

The balance sheet for Quik Treats,Inc.is shown here in market value terms.There are 20,000 shares of stock outstanding. The balance sheet for Quik Treats,Inc.is shown here in market value terms.There are 20,000 shares of stock outstanding. The company has declared a dividend of $1.40 per share.The stock goes ex-dividend tomorrow.Ignore any tax effects.What will the firm's equity value be after the dividend is paid? A) $572,000 B) $587,000 C) $603,000 D) $615,000 E) $643,000 The company has declared a dividend of $1.40 per share.The stock goes ex-dividend tomorrow.Ignore any tax effects.What will the firm's equity value be after the dividend is paid?


A) $572,000
B) $587,000
C) $603,000
D) $615,000
E) $643,000

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