The Balance Sheet for Apple Pie Corp

question 52

Multiple Choice

The balance sheet for Apple Pie Corp. is shown here in market value terms. There are 4,000 shares of stock outstanding. The company has declared a dividend of $1.80 per share. The stock goes ex-dividend tomorrow. Ignore any tax effects. What will the price of the stock be tomorrow?

• A)$18.90
• B)$36.20
• C)$49.95
• D)$52.15
• E)$71.80

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Definitions:

B Cells

A type of white blood cell that plays a vital role in the immune system by producing antibodies to combat pathogens.

APCs

Antigen-presenting cells, a type of immune cell that displays foreign antigens to T-cells, initiating an immune response.

Memory Cells

B or T cells (lymphocytes) that permit rapid mobilization of the immune response on second or subsequent exposure to a particular antigen. See memory B cells and memory T cells.

Dendritic Cells

Immune cells that process antigen material and present it on their surface to other cells of the immune system, playing a critical role in triggering adaptive immunity.