Stock Dividends The market value balance sheet for Outbox Manufacturing is shown here. Outbox 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 20,000 shares of stock outstanding. What will the ex-dividend price be?
Market Value Balance Sheet | |||
Cash | $230,000 | Debt | $190,000 |
Fixed assets | 415,000 | Equity | 455,000 |
Total | $645,000 | Total | $645,000 |
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