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P17-7 Stock Dividends (LO3] The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 28 percent stock dividend. The

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P17-7 Stock Dividends (LO3] The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 28 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 12,000 shares of stock outstanding. Cash Fixed assets Total Market Value Balance Sheet $173,000 Debt $155,000 330,000 Equity 348,000 $503,000 Total $503,000 What is the stock price today

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