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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

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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 tomorrow (the chronology for a stock dividend is similar to that for a cash dividend), There are 12,000 shares of stock outstanding Cash Fixed assets Market Value Balance Sheet $79.000 Debt $ 116,000 545,000 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. per share Current share price New share price b. per share

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