Question: The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a 25 percent stock dividend. The stock goes ex dividend tomorrow

The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a 25 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 30,000 shares of stock outstanding. What will the ex-dividend price be?

MARKET VALUE BALANCE SHEET Cash Fixed assets $145,000 Debt 598,000 Equity S743,000 Total $127,000 616,000 $743,000 Total

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