Murphy's, Inc. has 10,000 shares of stock outstanding. The market value is $8 per share. The

balance sheet shows $32,500 in the capital in excess of par account, $10,000 in the common

stock account, and $42,700 in the retained earnings account. The firm just announced a 10%

stock dividend.

i. What will the balance in the retained earnings account be after the dividend?

ii. What will the market price per share be after the dividend?