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The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 2 5 percent stock dividend. The stock goes ex

The market value balance sheet for Murray 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).
Market Value Balance Sheet
Cash $ 89,000 Debt $ 148,000
Fixed assets 730,000 Equity 671,000
Total $ 819,000 Total $ 819,000
a.
There are 24,000 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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