You currently own 300 shares of Hanover Co.The stock closed at a price of $32.09 a share today.Tomorrow morning,a stock dividend of 8 percent will occur.What will be the change in the value of your investment tomorrow assuming there are no other factors affecting the market price of the stock?
A) $0
B) −$528.60
C) $399.70
D) −$770.16
E) $770.16
Correct Answer:
Verified
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