The market value balance sheet for Outbox Manufacturing is shown here Outbox 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 30,000 shares of stock outstanding What will the ex divide...

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The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a 25 percent

Question:

The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a 25 percent stock The stock goes ex tomorrow (the chronology for a stock is similar to that for a cash There are 30,000 shares of stock outstanding. What will the ex-dividend price be?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...