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Stock Dividends [ [LO3] The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 25 percent stock dividend. The

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Stock Dividends [ [LO3] The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 25 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 11,000 shares of stock outstanding. What will the ex-dividend price be

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