Murphy's, Inc., has 32,200 shares of stock outstanding with a par value of $1 per share. The market value is $10 per share. The balance sheet shows $88,350 in the capital in excess of par account, $32,200 in the common stock account, and $152,950 in the retained earnings account. The firm just announced a stock dividend of 14 percent. What will the market price per share be after the dividend?