Murphy's, Inc. has 31,750 shares of stock outstanding with a par value of $1.00 per share. The market value is $11.00 per share. The balance sheet shows $87,450.00 in the capital in excess of par account, $31,750.00 in the common stock account, and $143,950 in the retained earnings account. The firm just announced a 14 percent (small) stock dividend. What will the market price per share be after the dividend?