Verbal Communications, Inc., has 14,000 shares of stock outstanding with a par value of $1 per share and a market value of $46 per share. The firm just announced a 100 percent stock dividend. What is the market value per share after the dividend?
A) $23.00
B) $34.50
C) $46.00
D) $69.00
E) $92.00
Correct Answer:
Verified
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