Regular Dividends. The balance sheet for Impossible Odds, Inc., is shown here in market value terms. There are 35,000 shares of stock outstanding.

Market Value Balance Sheet

Cash

$ 90,000

 

 

Fixed assets

325,000

Equity

$415,000

Total

$415,000

Total

$415,000

The company has declared a dividend of $1.10 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock sel1ing for today? What will it sell for tomorrow? What will the balance sheet look like after the dividends are paid?