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The statement of financial position, from a market value, is shown below for AAA Corporation. AAA has declared a 25% stock dividend. The stock goes

The statement of financial position, from a market value, is shown below for AAA Corporation. AAA has declared a 25% stock dividend. The stock goes ex dividend tomorrow. There are currently 13,000 shares of stock outstanding. What will the ex-dividend price be?

Market Value Statement of Financial Position

Cash

$83,000

Debt

$121,000

Fixed Assets

575,000

Equity

537,000

Total

$658,000

Total

$658,000

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