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The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 15 percent stock dividend. The stock goes ex dividend

The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 15 percent stock dividend. The stock goes ex dividend tomorrow. There are 30000 shares of stock outstanding.

Cash 167000

Fixed assets 1140000

Total 1307000

Debt 347000

Equity 960000

Total 1307000

What will the ex dividend price be?

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