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The market value balance sheet for Vena Sera Manufacturing is shown here. Vena Sera has declared a 22 percent stock dividend. The stock goes ex
The market value balance sheet for Vena Sera Manufacturing is shown here. Vena Sera has declared a 22 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 $230,000 Debt $176,000 341,000 287,000 Equity Total Required (a) What is the stock price today? (Click to select) (b) What will the ex-dividend price be? (lick to select)
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