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The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 15 percent stock dividend. The stock goes ex dividend
The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 15 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 25,000 shares of stock outstanding. Market Value Balance Sheet hacah Fixed assets Total 161,000 Debt 990,000 Equity 551,000 600,000 S1,151,000 Total $1,151,000 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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