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The market value balance sheet for Bigham Manufacturing is shown here.

Market Value Balance Sheet

Cash

$138,000

Debt

$134,000

Fixed assets

601,000

Equity

605,000

Total

$739,000

Total

$739,000

Bigham has declared a 28% stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are currently 53095 shares outstanding.

What is the stock price today? (Round answer to 2 decimal places. Do not round intermediate calculations)

Basic Finance, Finance

  • Category:- Basic Finance
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