On July 15, 2015, Tina declared and issued a 15 percent stock dividend. Prior to this dividend, Tina had 50,000 shares of $10 par value common stock issued and outstanding. The market value of Tinas common stock on July 15, 2015, was $23 per share. As a result of this stock dividend, by what amount would Tinas total stockholders' equity increase or decrease?

All else equal, what would we expect the approximate market value per share of Tinas stock to be after the dividend?

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