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The market value balance sheet for Vena Sera Manufacturing is shown here. Vena Sera has declared a 30 percent stock dividend. The stock goes ex

The market value balance sheet for Vena Sera Manufacturing is shown here. Vena Sera has declared a 30 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 14,000 shares of stock outstanding.

Market Value Balance Sheet
Cash $171,000 Debt $184,000
Fixed assets 323,000 Equity 310,000
Total

$494,000

Total

$494,000

Required:
(a) What is the stock price today?
(Click to select)$21.04$22.14$23.25$21.70$22.59
(b) What will the ex-dividend price be?
(Click to select)$22.14$17.03$16.35$28.79$17.71

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