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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). There are 25,000 shares
of stock outstanding.
What will the ex-dividend price be?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Ex-dividend price
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