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The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 3 0 percent stock dividend. The stock goes ex

The market value balance sheet for Murray Manufacturing is shown here. The company
has declared a 30 percent stock dividend. The stock goes ex dividend tomorrow (the
chronology for a stock dividend is similar to that for a cash dividend).
a. There are 30,000 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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