Corner Mart has 130,000 shares of stock outstanding with a par value of $1 per share and a market value of $38.40 per share.

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Corner Mart has 130,000 shares of stock outstanding with a par value of $1 per share and a market value of $38.40 per share. The firm just announced a small stock dividend of 15 percent. What will be the market price per share after the dividend?

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