zachsnuts444 zachsnuts444

23-05-2023
Business

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3 Charlie’s Angels Ltd has the following statement of financial position:
Equity = R750 000
Non-current assets = R250 000
Cash = R500 000
The company has 50 000 shares in issue. The company has just declared a R1,50
dividend per share. The ex-dividend date is the day after tomorrow.
Required:
a) What is the share selling for today? [1 Mark]
b) What will the share price be in two days’ time? [1 Mark]
c) How will the statement of financial position change after the dividends are
paid? [

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