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$).$

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$.,32\mathrm{.}16.)$

b$.$ What will the ex$-$dividend price be$?($Do not round intermediate calculations and

round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$.$ Current share price

b$.$ Ex$-$dividend priceThe 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$).$