On October 1, Little Bobby Corporation's stockholders' equity is as follows.

Common stock, $6par value$464,400 Paid-in capital in excess of parcommon stock24,540Retained earnings159,820Total stockholders' equity$648,760

On October 1, Little Bobby declares and distributes a10% stock dividend when the market price of the stock is $15per share.

(a)

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Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.

Par value before the stock dividend$

Par value after the stock dividend$