Final answer:
The price at which Good Values Incorporated's stock will sell today is $60.00 per share. Following the $6 dividend payment, the stock will go ex-dividend and sell at an expected price of $54.00 tomorrow.
Step-by-step explanation:
Considering Good Values Incorporated's all-equity-financed structure, the total market value of the firm is $270,000 with 4,500 shares outstanding. The declaration of a $6 per share dividend will affect the price at which the stock will sell both today and tomorrow. Currently, each share is valued at $270,000 / 4,500 shares = $60.00. Once the stock goes ex-dividend tomorrow, the share price generally drops by the amount of the dividend, which is $6 in this case. Therefore, the price at which the stock will sell today is $60.00, and the expected price at which the stock will sell tomorrow, after the dividend has been deducted from the company's market value, will be $60.00 - $6.00 = $54.00.