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Havelund has 2 , 0 0 0 shares of stock outstanding with a par value of $ 1 per share and a market value of

Havelund has 2,000 shares of stock outstanding with a par value of $1 per share and a market value of $26 per share. The balance sheet shows $2,000 in the common stock account, $9,500 in the capital in excess of par account, and $14,500 in the retained earnings account. The firm just announced a stock dividend of 75 percent. What is the market value per share after the dividend?
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