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The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 25 percent stock dividend. The stock goes ex dividend
The market value balance sheet for Bobaflex 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 12,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 79,000 Debt $ 116,000 Fixed 545,000 assets Equity 508,000 Total 624,000 Total $624,000 a. What is the current stock price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the ex-dividend stock price be? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Current share price b. New share price per share per share
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