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The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared...

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Finance

The market value balance sheet for Bobaflex Manufacturing is shown here. The company 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).

Market Value Balance Sheet
Cash $ 99,000 Debt $ 158,000
Fixed assets 830,000 Equity 771,000
Total $ 929,000 Total $ 929,000

a.

There are 34,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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