Murphy’s, Incorporated, has 32,100 shares of stock outstandi…

Murphy's, Incоrpоrаted, hаs 32,100 shаres оf stock outstanding with a par value of $1 per share. The market value is $13 per share. The balance sheet shows $88,150 in the capital in excess of par account, $32,100 in the common stock account, and $150,950 in the retained earnings account. The firm just announced a stock dividend of 12 percent. What will the market price per share be after the dividend?