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

The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 30 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 20,000 shares of stock outstanding.
Market Value Balance Sheet
Cash $ 141,000 Debt $ 291,000
  Fixed assets 750,000   Equity 600,000
      Total $ 891,000       Total $ 891,000

  

What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Ex-dividend Price:
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