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Your portfolio is 100 shares of Sunny Morning, Inc. The stock currently sells for $98.64 per share. The company has announced a dividend of $3.72 per share with an ex-dividend date of April 19. Assuming no taxes and no news or other surprises, how much do you expect your shares to be worth in total on April 19? {Do not include the dollar sign ($).)

Respuesta :

creamcheesebun

worth of shares = 100×(98.64+3.72)

=10236

Tundexi

The worth of the shares in total on April 19 is $9,492.

The expected market price = Current Market Price - Dividend

The expected market price = $98.64 - $3.72

The expected market price = $94.92

Expected worth of shares on April 19 = The expected market price * Number of shares held

Expected worth of shares on April 19 = $94.92 * 100 shares

Expected worth of shares on April 19 = $9,492

Therefore, the worth of the shares in total on April 19 is $9,492.

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