(Solution) - The market value balance sheet for Bobaflex Manufacturing is shown -(2025 Original AI-Free Solution)

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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 13,000 shares of stock outstanding. What will the ex-dividend price be?
Market Value Balance Sheet
Cash...............$ 83,000...............Debt...............$121,000
Fixed assets........575,000...............Equity...............537,000
Total...............$658,000...............Total...............$658,000