Answer:
The value of the portfolio ex-dividend is $ 11,065.30
Explanation:
On May 3, when the stock would have gone ex-dividend , it is expected that the share price would be marked down by the value of dividend paid,hence the portfolio should now be valued at ex-dividend price
The ex-dividend price =share price before dividend-dividend
share price before dividend is $50.70
ex-dividend is $2.59
ex-dividend price=$50.70-$2.59
=$48.11
Value of portfolio=number of shares*ex-dividend price
number of shares is 230
value of portfolio=230*$48.11
=$ 11,065.30