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The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 10 percent stock dividend. The stock goes ex dividend
The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 10 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 17,000 shares of stock outstanding.
Market Value Balance Sheet: Cash$116,000Debt$157,200Fixed assets660,000Equity618,800Total$776,000Total$776,000
What will the ex dividend price be?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Ex dividend price$
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