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7. Stock Dividends 11,031 The market value balance sheet for Bobaflex Manufac turing 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 for a cash dividend). There are 12,000 shares of stock outstanding. What will the that ex-dividend price be? Market Value Balance Sheet $79,000 Cash Fixed assets Debt 545,000 $624,000 $116,000 508,000 $624,000 Equity Total Total
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가e slock price ts the total mahet v the share 1 ơotsta ding, so. t alue of eau divided SO Po 50 8,00 o 42.33/ sha 12,000 shases The shares cotstanchva oil ncreas by 257 So, New shares ostan dw120 D0 Neuo shares aotslandng(200 25) J: 120 s0, ISO o o sha New stock price 5o 8,oo D ISooo sa 33, sha

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