Cookies and Cream has 5,000 shares of stock outstanding at a market price of $8.29 per share.What will be the price per share after a stock dividend of 8 percent? Ignore taxes and market imperfections.
A)$7.24
B)$7.68
C)$7.45
D)$7.96
E)$8.03

Question

Quizplus · Accepted Answer

The Answer of Cookies and Cream has 5,000 shares of stock outstanding at a market price of $8.29 per share.What will be the price per share after a stock dividend of 8 percent? Ignore taxes and market imperfections.
A)$7.24
B)$7.68
C)$7.45
D)$7.96
E)$8.03

Cookies and Cream Has 5,000 Shares of Stock Outstanding at a Market