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
Q68: The Retail Outlet has 6,000 shares of
Q69: The Uptowner has 11,000 shares of stock
Q70: Auto Supply has 54,200 shares of stock
Q71: Edie's has 14,500 shares of stock outstanding
Q72: Pete's Pets has 18,500 shares of stock
Q74: Pluto's has 15,300 shares of stock outstanding
Q75: Cat's has 41,800 shares of stock outstanding
Q76: You currently own 300 shares of Hanover
Q77: The Retail Outlet has 17,500 shares of
Q78: Winslow Co.has 74,200 shares of stock outstanding
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents