You own stock in a Toronto firm that has 1.25 million shares outstanding. The current stock price is $13.50 per share. If the company issues a 10% stock dividend, what would you expect the stock price to be after the dividend is paid?
A) $12.27
B) $12.82
C) $13.30
D) $13.49
E) $13.71
Correct Answer:
Verified
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