Question: Chapter 17: In Class Group Exercise The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 25 percent stock

Chapter 17: In Class Group Exercise The market value balance sheet

Chapter 17: In Class Group Exercise The market value balance sheet for Bobaflex Manufacturing is shown here. The company 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). There are 12,000 shares of stock outstanding. What will the ex-dividend price be? Market Value Balance Sheet $116.000 $ 79,000 Deb Cash S08.000 Equity 545.000 Fixed assets 5624.000 Total 5624.000 Total

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