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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

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?

Abhinav 30-Nov-2019

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