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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
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, 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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