Verbal Communications,Inc.,has 14,000 shares of stock outstanding with a par value of $1 per share and a market value of $32 per share.The firm just announced a 100 percent stock dividend.What is the market value per share after the dividend?
A) $16.00
B) $23.00
C) $32.00
D) $46.00
E) $64.00
Correct Answer:
Verified
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