Market price per share be after the dividend

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Murphy's, Inc. has 10,000 shares of stock outstanding. The market value is $8 per share. The balance sheet shows $32,500 in the capital in excess of par account, $10,000 in the common stock account, and $42,700 in the retained earnings account. The firm just announced a 10% stock dividend.

i. What will the balance in the retained earnings account be after the dividend?

ii. What will the market price per share be after the dividend?

Reference no: EM132525243

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