The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend).    Market Value Balance Sheet   Cash $ 98,000       Debt $ 157,000     Fixed assets   820,000       Equity   761,000                      Total $ 918,000          Total $ 918,000                      There are 33,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)      Current stock price $       What will the ex-dividend price be? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)      Ex-dividend price $

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend).

  

Market Value Balance Sheet
  Cash $ 98,000       Debt $ 157,000  
  Fixed assets   820,000       Equity   761,000  
             
     Total $ 918,000          Total $ 918,000  
             
 

  

There are 33,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

  

  Current stock price $   

  

What will the ex-dividend price be? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

 

   Ex-dividend price $   
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