You currently own 80 shares of XYZ stock that is selling for $40 a share. If the firm grants you an additional 4 shares, then the firm has declared a:
A) stock dividend of 5%.
B) cash dividend of $1 per share.
C) stock repurchase of 5%.
D) cash dividend of $1.60 a share which you reinvested in shares.
Correct Answer:
Verified
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