The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared
The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a stock dividend of 20 percent. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $ 92,000 Debt $ 151,000 Fixed assets 760,000 Equity 701,000 Total $ 852,000 Total $ 852,000 There are 27,000 shares of stock outstanding.
What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a) Current share price ________ $
b) What will the ex-dividend price be?