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

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Accounting

The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 15 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 $ 97,000

Debt $ 156,000

Fixed assets 810,000

Equity 751,000

Total $ 907,000

Total $ 907,000

There are 32,000 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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