Delta Products has decided to spin-off one of its subsidiaries, Gamma Technologies. Each Delta shareholder will receive 0.25 shares of Gamma for each share of Delta they own. Delta's price is $35.00 cum-dividend and immediately after the spin-off Gamma Technologies was trading for $24.00 per share. In a perfect capital market, what would Delta Product's ex-dividend share price be after this transaction? [Hint: you need to subtract the value of "stock dividend" in shares of Gamma Technologies from the cum-dividend price to find the ex-dividend price]