Murphy's, Inc., has 32,300 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The balance sheet shows $88,550 in the capital in excess of par account, $32,300 in the common stock account, and $154,950 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?