The market value balance sheet for Vena Sera Manufacturing is shown here.
Market Value Balance Sheet
Cash $93,000 Debt $131,000
Fixed assets 509,000 Equity 471,000
Total
$602,000
Total
$602,000
Vena Sera 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). If there are 12,000 shares outstanding, the stock price today is $___, and the ex-dividend price will be $___. (Do not include the dollar signs ($). Round your answers to 2 decimal places. (e.g., 32.16))
Check My WorkeBook LinkReferences