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Assignment help 973

The balance sheet for Imagine Corp. is shown here in market value terms. There are 3,000 shares of stock outstanding.

Market Value Balance Sheet Cash






  Fixed assets








Topic: Repurchase of Stock 

The company has declared a dividend of $1.94 per share. The stock will go ex-dividend tomorrow. Ignore taxes.

a) What is the stock selling for today? (Round answer to 2 decimal places. Do not round intermediate calculations)


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