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7. Stock Dividends 11,031 The market value balance sheet for Bobaflex Manufac turing is shown here. The company has declared a 25 percent stock dividend.

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7. Stock Dividends 11,031 The market value balance sheet for Bobaflex Manufac turing is shown here. The company has declared a 25 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to for a cash dividend). There are 12,000 shares of stock outstanding. What will the that ex-dividend price be? Market Value Balance Sheet $79,000 Cash Fixed assets Debt 545,000 $624,000 $116,000 508,000 $624,000 Equity Total Total

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