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The Market Value Balance Sheet for Inbox Manufacturing Is Shown

question 93

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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? 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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