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The market value balance sheet for Sci-Fi Crimes Manufacturing is shown here. Sci-Fi Crimes has declared a 20 percent stock dividend. The stock goes
The market value balance sheet for Sci-Fi Crimes Manufacturing is shown here. Sci-Fi Crimes 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). Market Value Balance Sheet 139,000 Cash $80,000 Debt $ 640,000 581,000 Fixed assets Equity 720,000 720,000 Total $ Total $ There are 15,000 shares of stock outstanding. What is the current share price? (Round your answer to 2 decimal places. (e.g., 32.16)) New stock price per share What will the ex-dividend price be? (Round your answer to 2 decimal places. (e.g., 32.16)) Ex-dividend price
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