CormexInc.paid a dividend of $0.75 per share.It forecasted a $1.90 per share in earnings and had a stock price of $27.Determine the stock price if Cormex declared a 10% stock dividend.
A)$27.55
B)$26.55
C)$25.55
D)$24.55

Question

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The Answer of CormexInc.paid a dividend of $0.75 per share.It forecasted a $1.90 per share in earnings and had a stock price of $27.Determine the stock price if Cormex declared a 10% stock dividend.
A)$27.55
B)$26.55
C)$25.55
D)$24.55

CormexIncPaid a Dividend of $0