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The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend

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The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 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 $ 93,000 Debt $ 152,000 Fixed assets 770,000 Equity 711,000 Total $ 863,000 Total $ 863,000 There are 28,000 shares of stock outstanding What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, eg., 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... 32.16.) Ex dividend price

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