Jenkin's has 11,000 shares of stock outstanding with a par value of $1.00 per share and a market value of $21 per share. The firm just announced a 100 percent (large) stock dividend. What is the market value per share after the dividend?
A) $8.50
B) $9.00
C) $10.50
D) $16.00
E) $21.00
Correct Answer:
Verified
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