Question
The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 30 percent stock dividend. The stock goes ex dividend
The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 30 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $ 90,000 Debt $ 149,000 Fixed assets 740,000 Equity 681,000 Total $ 830,000 Total $ 830,000 There are 25,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Current stock price $ What will the ex-dividend price be? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Ex-dividend price $
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