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The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 2 0 percent stock dividend. The stock goes ex

The market value balance sheet for Murray 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 $ 88,000 Debt $ 147,000
Fixed assets 720,000 Equity 661,000
Total $ 808,000 Total $ 808,000
a.
There are 23,000 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.)

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