The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 10 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 30,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 141,000 Debt $ 291,000 Fixed assets 960,000 Equity 810,000 Total $ 1,101,000 Total $ 1,101,000
What will the ex dividend price be?