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The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a...

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).

  

Market Value Balance Sheet
  Cash $ 99,000   Debt $ 158,000
  Fixed assets 830,000   Equity 771,000
     Total $ 929,000      Total $ 929,000

  

a.

There are 34,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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