The market value balance sheet for Briggs 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 26,000 shares of stock outstanding.

Market Value Balance Sheet

Cash $ 141,000 Debt $ 303,000

Fixed assets 1,020,000 Equity 858,000

Total $ 1,161,000 Total $ 1,161,000

What will the ex-dividend price be?