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  3. the market value balance sheet for murray manufact

The market value balance sheet for Murray Manufacturing is shown here. The company has declared...

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The market value balance sheet for Murray 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 11,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $ 134,000 Debt 652,000 Equity $ 116,000 670,000 Total $ 786,000 Total $ 786,000 a. What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the ex-dividend stock price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Current share price b. Ex-dividend price

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