The market value balance sheet for Oracle Manufacturing is shown here. The company has declared...
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The market value balance sheet for Oracle Manufacturing is shown here. The company has declared a stock dividend of 30 percent. 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 $90,000 Debt $ 149,000 681,000 Fixed assets 740,000 Equity Total 830,000 $ Total $830,000 There are 25,000 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.) What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price Ex-dividend price per share
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