Market value balance sheet-dividend price

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Reference no: EM131588004

The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 10 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 29,000 shares of stock outstanding.

Market Value Balance Sheet

Cash $ 161,000 Debt $ 343,000

Fixed assets 1,110,000 Equity 928,000

Total $ 1,271,000 Total $ 1,271,000

What will the ex dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131588004

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