The market value balance sheet for Inbox Manufacturing is shown here. Inbox 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). There are 10,000 shares of stock outstanding. What will the ex dividend price be?

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Cash Fixed assets Total Market Value Balance Sheet $180,000 320,000 $500,000 Debt Equity Total $150,000 350,000 $500,000