What will the ex-dividend price be

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The market value balance sheet for Bobaflex 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).

Market Value Balance Sheet Cash$91,000 Debt$150,000 Fixed assets 750,000 Equity 691,000 Total$841,000

Total$841,000

There are 26,000 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.)

Reference no: EM132558761

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