Chronology for stock dividend-what is current share price

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Reference no: EM131350635

The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 percent stock dividend. 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 $ 80,000 Debt $ 139,000 Fixed assets 640,000 Equity 581,000 Total $ 720,000 Total $ 720,000 There are 15,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Current stock price $ What will the ex-dividend price be? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Ex-dividend price $

Reference no: EM131350635

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Chronology for stock dividend-what is current share price : The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). What is t..

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