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34 The market value balance sheet for XYZ, Inc. is shown here. The company has declared a 30 percent stock dividend. The stock goes ex
34 The market value balance sheet for XYZ, Inc. is shown here. The company has declared a 30 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 12,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $162,000 Debt $141,000 340,000 Equity 361,000 $502,000 Total $502,000 What is the stock price today? What will the ex-dividend price be
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