The Balance Sheet for Apple Pie Corp

question 45

Multiple Choice

The balance sheet for Apple Pie Corp.is shown here in market value terms.There are 5,000 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)$39.60
• D)$52.15
• E)$71.80

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Definitions:

Selection Bias

A distortion in a statistical analysis resulting from the method of collecting samples that is not random and therefore not representative of the population being studied.

Participant Bias

The influence that subjects in an experiment might have on the outcome due to their awareness of being observed or expectations about the experiment.

Random Sample

A sample that gives every member of the population an equal chance of being selected.

Population

The total number of inhabitants constituting a particular race, class, species, or area.