Question
The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend
The market value balance sheet for Tidwell 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). There are 21,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 142,000 Debt $ 222,700 Fixed assets 780,000 Equity 699,300 Total $ 922,000 Total $ 922,000 What will the ex dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ex dividend price
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