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The Balance Sheet for Apple Pie Corp

Question 99

Multiple Choice

The balance sheet for Apple Pie Corp.is shown here in market value terms.There are 5,000 shares of stock outstanding. The balance sheet for Apple Pie Corp.is shown here in market value terms.There are 5,000 shares of stock outstanding. The company has declared a dividend of $1.80 per share.The stock goes ex-dividend tomorrow.Ignore any tax effects.What will the price of the stock be tomorrow? A) $18.90 B) $36.20 C) $39.60 D) $52.15 E) $71.80 The company has declared a dividend of $1.80 per share.The stock goes ex-dividend tomorrow.Ignore any tax effects.What will the price of the stock be tomorrow?


A) $18.90
B) $36.20
C) $39.60
D) $52.15
E) $71.80

Correct Answer:

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