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The market value balance sheet for Desktop Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend
The market value balance sheet for Desktop 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 $ 98,000 Debt Fixed assets 820,000 Equity Total $918,000 Total $ 157,000 761,000 $918,000 There are 33,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price $0 What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ex-dividend price $0
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