The balance sheet for Apple Pie Corp. is shown here in market value terms. There are 4,000 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) $49.95
D) $52.15
E) $71.80
Correct Answer:
Verified
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