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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

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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 tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet 139,000 Cash $80,000 Debt 640,000 581,000 Fixed assets Equity Total 720,000 $720,000 Total a. There are 15,000 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.) b. What will the ex-dividend price be? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) a. Current share price b. Ex-dividend price

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