The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 10 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 29,000 shares of stock outstanding.
Market Value Balance Sheet
Cash $ 161,000 Debt $ 343,000
Fixed assets 1,110,000 Equity 928,000
Total $ 1,271,000 Total $ 1,271,000
What will the ex dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)