Doris' Boutique has 4,000 shares of stock outstanding at a price per share of $15.What will the price per share be if the firm pays a $1.30 per share dividend? Ignore taxes and market imperfections.
A) $13.70
B) $15.40
C) $15.80
D) $16.00
E) $18.20
Correct Answer:
Verified
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