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?
A) $32.90
B) $33.39
C) $38.40
D) $41.08
E) $44.16
Correct Answer:
Verified
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