The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared...
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The market value balance sheet for Tidwell 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). There are 25,000 shares of stock outstanding Market Value Balance Sheet Cash Fixed assets Total 173,000 Debt 1.170,000 Equity S 393,000 950,000 $1,343,000 $1,343,000 Total What will the ex dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ex dividend price Check my work
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