The Market Value Balance Sheet for Inbox Manufacturing Is Shown

question 25

Multiple Choice

The market value balance sheet for Inbox Manufacturing is shown here.Inbox has declared a 15 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)$23.51
• B)$25.15
• C)$25.51
• D)$26.86
• E)$28.92

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