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Murphys, inc., has 32050 shares of stock outstanding with a par value of $1 per share. The market value is 12 per share. The balance

Murphys, inc., has 32050 shares of stock outstanding with a par value of $1 per share. The market value is 12 per share. The balance sheet shows 88050 in the capital in excess of par account, 32050 in the common stock account, and 149950 in the retained earnings account. The firm just announced a stock dividend of 12 percent. What will the market price per share be after the dividend

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