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The Market Value Balance Sheet for Inbox Manufacturing Is Shown

question 63

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The market value balance sheet for Inbox Manufacturing is shown here. Inbox has declared a 23 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 13,000 shares outstanding. What is the ex-dividend stock price? The market value balance sheet for Inbox Manufacturing is shown here. Inbox has declared a 23 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 13,000 shares outstanding. What is the ex-dividend stock price?   A) $21.21 B) $23.51 C) $25.06 D) $26.86 E) $28.92


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