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The market value balance sheet for Oracle Manufacturing is shown here. The company has declared a stock dividend of 25 percent. The stock goes ex-dividend

The market value balance sheet for Oracle Manufacturing is shown here. The company has declared a stock dividend of 25 percent. 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

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.)

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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