The market value balance sheet for Inbox Manufacturing is shown here. Inbox has declared a 23 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 outstanding. What is the ex-dividend stock price? 
A) $21.21
B) $23.51
C) $25.06
D) $26.86
E) $28.92
Correct Answer:
Verified
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