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