Your corporation has declared a cash dividend of 500 per, Financial Management

Your corporation has declared a cash dividend of 500 per

Your corporation has declared a cash dividend of $5.00 per share. Before the cash dividend the stock was selling for $60.00 per share. When the stock goes ex-dividend what will the price per share be? Please show your calculation. What would the ex-dividend price per share be?

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Financial Management: Your corporation has declared a cash dividend of 500 per

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