Answered>Order 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

$

36,000

Equity

$

179,000 

  Fixed assets

143,000

     Total

$

179,000

   Total

$

179,000 

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)